World Bank Sees Commodity Prices up 23% in 2026 Due to Middle East War, Other Shocks
The World Bank said energy, metals, food and fertilizer prices will rise as war-related supply disruptions and safe-haven demand keep markets tight.
- The World Bank reported on Oct 28 that global commodity prices are set to surge 23 per cent in 2026, citing rising energy costs, Middle East conflicts, and Black Sea grain shipment disruptions.
- "Commodity markets are being hit by several major shocks at once," said Ayhan Kose, the World Bank's deputy chief economist, warning that energy costs and trade disruptions threaten to worsen inflation and food insecurity.
- Projections show Metals prices rising 25 per cent and Fertilizer prices 14 per cent in 2026, while food commodity prices are set to rise nearly 18 per cent by 2027 from Statement 16 and 13.
- The World Bank has provided $8.7 billion in aid to 25 countries affected by Middle East conflict, as continued shocks could push more than 40 million additional people into extreme poverty.
- Foreign ministers from the world's 20 largest economies will gather in Atlanta, Georgia, to address these crises, as forecasts warn a record Nino could further elevate food prices.
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Global commodity prices should fire 23% in 2026, the World Bank informed on Wednesday (28), citing the high energy prices and the interruptions in the shipping of cargo during the war in the Middle East, problems in boarding grain in the Black Sea and the strong demand for assets considered safe, such as gold. Prices of oil, natural gas, food and metals rose sharply this year, in the midst of increased global shocks, the World Bank informed in i…
Channel News Asia
WTVBWorld Bank sees commodity prices up 23% in 2026 due to Middle East war, other shocks
WASHINGTON, Oct 28 : Global commodity prices are set to surge 23 per cent in 2026, the World Bank said on Wednesday, citing rising energy prices and disruptions to cargo shipping during the Middle East war, grain shipment problems in the Black Sea and high demand for safe-haven assets such as gold.Oil, natura
The Iran war drives prices - whether for food or energy. For food, prices should rise not only this year, but also for other reasons.
volksfreund.de
The Iran war drives prices - whether for food or energy. For food, prices should rise not only this year, but also for other reasons.
The World Bank has reported that commodity prices are expected to rise by 23.1 percent in 2026 due to increasing global shocks.
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