The Commodity Markets Outlook in eight charts John BaffesKaltrina Temaj April 30, 2026 This page in: English © 2026 World Bank Group,

https://blogs.worldbank.org/en/developmenttalk/the-commodity-markets-outlook-in-eight-charts3 Global commodity prices are projected to rise by 16 percent this year—the first annual increase since 2022—leaving them about 25 percent higher than anticipated in January 2026. This baseline outlook hinges on continued supply disruptions in the Middle East, particularly in energy and fertilizer markets, with prices expected to increase by 24 percent and 31 percent, respectively, in 2026. Metals and minerals prices are projected to rise by 17 percent in 2026, supported by strong demand, while precious metals prices are expected to surge by 42 percent to record highs. In contrast, agricultural commodity prices are projected to decline by 6 percent in 2026, as falling beverage prices more than offset gains in food prices. © 2026 World Bank Group,