World Bank forecasts global commodity prices to rise 23 percent in 2026
The World Bank in Washington warned that global commodity prices are set to surge 23 percent in 2026 due to ongoing conflicts and supply disruptions.
Energy and metal costs climb sharply
Oil, natural gas, food and metals prices all rose sharply this year as global shocks mounted. Global oil stocks have been depleted during the war in the Middle East, and global oil supply is expected to drop 5.2 percent in 2026.
Weather patterns threaten food supplies
Commodity prices were expected to ease by 7 percent next year, but continued shocks could keep food commodity prices elevated. Forecasts for the worst El Niño weather effect since 1950 may prevent a full recovery in agricultural markets.
Economic growth faces new risks
Higher energy costs and trade disruptions are driving up prices across a broad range of commodities. The situation could worsen if the conflict in the Middle East ratcheted up and damage to Russian oil infrastructure continued.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- Dawn
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