Overview
- The World Bank, which released its Commodity Markets Outlook on Wednesday, projects a 23% rise in global commodity prices for 2026 driven mainly by a 32% jump in energy costs.
- Global oil supply is expected to fall 5.2% in 2026, a drop the bank says is the largest outside the 2020 recession and has left global oil stocks depleted.
- Food commodity prices are forecast to climb just over 10% in 2026 and more than 7% in 2027 because repeated Black Sea grain shipment disruptions and higher fuel and fertilizer costs are squeezing supplies.
- Metals are set to rise about 25% and precious metals about 40% as supply problems and investor demand for safer stores of value push prices higher.
- The bank has provided $8.7 billion in low-cost loans and aid so far and says it can scale support if shocks persist, but it warns higher prices could raise inflation, slow growth, tighten policy and worsen hunger and debt stress in poor countries.