For this year and next, the World Bank projects increases in the global prices of metals and minerals, fuels, fertilizers and staples such as cereals.
Friday, May 5, 2017
From the report by the World Bank "Commodity Markets Outlook April 2017":
Prices for most industrial commodities strengthened further in the first quarter (q/q), while global agricultural prices remained broadly stable. Crude oil prices are forecast to rise to an average of $55 per barrel (bbl) in 2017 from $43/bbl in 2016.
The oil forecast is unchanged since October 2016 and reflects balancing forces: upward pressure on prices from production cuts agreed by Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producing countries, and downward pressure from persistently high stocks, supported by the faster-than-expected rebound of the U.S. shale oil industry.
Metals prices are projected to increase 16 percent as a result of strong demand in China and various supply constraints, including labor strikes and contractual disputes in the case of copper, and environmental and export policies for nickel. Agricultural commodity prices, which gained 1 percent in the first quarter, are anticipated to
remain broadly stable in 2017, with moderate increases in oils and meals and raw materials offset by declines in grains and beverages.
World food prices fell slightly in November, as the decline in prices of dairy products offset a sharp increase in the prices of sugar and vegetable oils.
From a statement by the World Food Organization (FAO):
7 December 2017, Rome - Global food prices declined marginally in November, as lower dairy prices offset a sharp increase in sugar and vegetable oil quotations, according to the latest FAO Food Price Index issued today.
The World Bank projects that the price of a barrel of oil will rise to $56, metal prices will stabilize, gold prices will tend to rise and agricultural prices will increase, due to a decline in supply.
From a report by the World Bank:
WASHINGTON, October 26 - Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil production, while the surge in metals prices is expected to level off next year, the World Bank said on Thursday.
It is anticipated that international metal prices will rise by 11% due to a reduction in supply and a slight increase is projected in the prices of agricultural commodities.
From a report by the World Bank, "Commodity Markets Outlook":
Prices for most industrial commodities continued to rise in the fourth quarter from their lows in early 2016, while most agricultural prices declined.
The World Bank has forecast a reduction in the international price of beef and chicken, cocoa, arabica and robusta coffee, and bananas, and increases in the price of corn.
From a statement issued by the World Bank:
WASHINGTON, July 22, 2015 –The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices rose 17 percent in the Apr-Jun quarter, according to the Bank’s latest Commodity Markets Outlook, a quarterly update on the state of the international commodity markets.
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