World Bank: Global Commodity Prices Expected to Drop to Six-Year Low by 2026

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According to the latest edition of the World Bank’s Commodity Markets Outlook, Global commodity prices are expected to tumble 12% in 2025, and an additional 5% in 2026, falling to levels not seen since 2020. In nominal terms, prices would still be higher than they were before the start of the pandemic. 

The report highlights : “Adjusted for inflation, however, they are likely to fall for the first time below the average that prevailed from 2015 through 2019. That would mark the end of a boom fueled by the global economy’s rebound from the COVID-19 pandemic and Russia’s invasion of Ukraine in 2022”.

“Higher commodity prices have been a boon for many developing economies, two-thirds of which are commodity exporters,” said Indermit Gill, the World Bank Group’s Chief Economist and Senior Vice President for Development Economics. “But we’re now seeing the highest price volatility in more than 50 years. The combination of high price volatility and low prices spells trouble. Developing economies will need to take three steps to protect themselves: first, restore fiscal discipline; second, create a more business-friendly environment to attract private capital; third, liberalize trade wherever the opportunity exists.

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