World Bank - Commodity Market Outlook_watermark

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Energy prices were down 8 percent in 2019 Q1 (q/q) with sharp falls in coal and natural gas prices, while oil prices have risen steadily since the start of the year. Non-energy prices were up in the first quarter. Crude oil prices, which averaged $68/bbl in 2018, are expected to average $66/bbl over 2019 and $65/bbl in 2020, although the forecast remains highly dependent on policy outcomes. In 2019, non-energy prices are expected to remain below 2018 levels before rising moderately in 2020.

A Special Focus analyzes the nature of policy intervention by countries in the event of large swings in world food prices. It concludes that while individual countries can succeed at

insulating their domestic markets, the collective intervention of many countries may amplify movements in world prices.

The World Bank’s Commodity Markets Outlook is published twice a year, in April and October. The report provides detailed market analysis for major commodity groups, including energy, metals, agriculture, precious metals,

and fertilizers. Price forecasts to 2030 for 46 commodities are also presented together with historical price data. Commodity price data updates are published separately at the beginning of each month.

The report and data can be accessed at:

www.worldbank.org/commodities