Energy prices declined 6.3 per cent in March, led by natural gas (in Europe) and coal, the World Bank’s Pink sheet reported.
Non-energy prices dropped 2.2 per cent, with all key components registering losses, the monthly report added.
Agricultural prices eased 1.6 per cent in March. Food and raw material prices declined 2 per cent and 1 per cent, respectively, while beverage prices remained largely unchanged.
Fertiliser prices declined 3.6 per cent, led by Urea and MOP, the report added.
Metal prices dropped 3.2 per cent in March, led by nickel, tin, zinc, and aluminium. However, precious metals gained 2.7 per cent, led by gold.
The Pink Sheet is a report that monitors commodity price movements.
