Commodity Prices Were Mixed In December — Pink Sheet
Date
1/14/2025 9:01:48 PM
(MENAFN- Caribbean News Global) By Maria Hazel Macadangdang and John Baffes
The energy price index remained largely unchanged in December, as a 43.6 percent increase in natural gas US prices was offset by an 8.7 percent decline in coal prices, the World Bank's Pink Sheet reported. Non-energy prices increased by 1.9 percent.
Agricultural prices inched up by 1.8 percent in December. Food prices eased by 1 percent , raw materials held steady, while beverages surged by 18.4 percent . Fertilizer prices changed little.
Metal prices declined by 1.1 percent in December, led by a 2.7 percent drop in tin. Precious metals edged down by 0.3 percent , led by platinum (-2.9%).
For the year, the energy index fell by 5.1percent , while the non-energy index rose by nearly 2 percent . Within the non-energy category, agriculture commodities increased by 3.5 percent, metals by 2.6 percent, while fertilizers dropped almost 25 percent . Notable price movements included significant gains for cocoa (+123%) and robusta coffee (+68%), contrasted with declines in maize (-24.6%) and potassium chloride (-23%).
The Pink Sheet is a monthly report that monitors commodity price movements.
The post Commodity prices were mixed in December - Pink Sheet appeared first on Caribbean News Global .
MENAFN14012025000232011072ID1109091003
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.