Commodity Markets Outlook, April 2026 © 2026 World Bank Group,

https://openknowledge.worldbank.org/server/api/core/bitstreams/b2dbffe7-2f9f-41c3-a6cc-4ddfa3b37c1a/content Report Commodity Markets Outlook, April 2026 Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, according to the World Bank Group's latest Commodity Markets Outlook. Overall commodity prices are forecast to rise 16% in 2026, driven by soaring energy and fertilizer prices and record-high prices for several key metals. Next update: October 2026. © 2026 World Bank Group,