{"id":63764,"date":"2024-01-04T06:33:47","date_gmt":"2024-01-04T06:33:47","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/global-commodity-prices-declined-by-almost-25-in-2023-world-bank"},"modified":"2024-01-04T07:19:06","modified_gmt":"2024-01-04T07:19:06","slug":"global-commodity-prices-declined-by-almost-25-in-2023-world-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/global-commodity-prices-declined-by-almost-25-in-2023-world-bank","title":{"rendered":"Global commodity prices declined by almost 25% in 2023 \u2013 World Bank"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The World Bank has said that global commodity prices declined by almost 25% in 2023 relative to 2022.<\/b><\/p>\n

This is the sharpest drop since the pandemic, it added.<\/p>\n

Commodity prices are expected to stabilize in 2025, the World Bank projected.<\/p>\n

Global commodity prices declined by almost 25% in 2023 relative to 2022, the sharpest drop since the pandemic. Commodity prices are expected to stabilize in 2025.<\/p>\n

More in our 2023 #YearInReview:https:\/\/t.co\/GYz79fQwue pic.twitter.com\/oEPQPDsYIN<\/p>\n

\u2014 World Bank (@WorldBank) January 2, 2024<\/p>\n

As of December 4 last year, the Bank said energy prices decreased by 8.2 percent in November led by coal (-12.9%) and oil (-8.7%). Non-energy prices were up by 1.7%. Food prices inched up 0.9%, beverages gained 7% and raw materials changed little.<\/p>\n

CMO-Pink-Sheet-December-2023<\/p>\n

Fertilizer prices dropped 2.9%. Metal prices rose by 2.7% led by iron ore (+10.4%) and Zinc (+5.3%). Precious metals climed by 3.7 percent.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The World Bank has said that global commodity prices declined by almost 25% in 2023 relative to 2022. This is the sharpest drop since the pandemic, it added. Commodity prices are expected to stabilize in 2025, the World Bank projected. 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