Non-energy prices fell almost 1 percent due to a drop in metal prices. Agricultural prices increased 1 percent, largely on higher cocoa prices (+18 percent), maize and soybean meal (+5 percent each), as well as cotton and soybeans (+4 percent each). Fertilizer prices rose more than 1 percent, led by TSP (triple superphosphate) (+3 percent) and DAP (diammonium phosphate) (+2 percent).
Metals prices dropped 5 percent, led by iron ore prices (-9 percent), zinc and lead (-7 percent each), and aluminum (-5 percent).
Precious metals prices were marginally down due to a 1 percent decline in silver prices.
The Pink Sheet is a monthly report that monitors commodity price movements.
Source: World Bank.