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HomeNewsOpinionWhy commodity prices are expected to fall to their lowest level since 2020

Why commodity prices are expected to fall to their lowest level since 2020

Moneycontrol Opinion   •

The World Bank’s Commodity Price Index is expected to decline for three consecutive years, falling by 3 percent in 2024, 5 percent in 2025 and 2 percent in 2026

The main driver of the price index decline remains energy, which is due to ample production of crude oil as supply increases in countries such as Brazil, Canada, Guyana and the US, while OPEC+ production inches up

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