World Bank Sounds Alarm on Food Crisis as Energy Shock and El Nino Push Commodity Prices up 23%
Higher energy costs, Black Sea shipping disruptions and safe-haven demand are driving the projected increase, the World Bank said.
- Global commodity prices are set to surge 23% in 2026, the World Bank reported Wednesday, citing rising energy costs, Middle East conflict, and grain shipment disruptions in the Black Sea.
- Energy prices surged 32% this year, reaching their highest level since Russia's 2022 invasion of Ukraine, while global oil supply is expected to drop 5.2%—the largest decline in four decades.
- Food commodity prices face a cumulative increase of nearly 18% through 2027, while metals prices are projected to rise 25% and fertilizer costs climb 14% amid supply disruptions and strong renewable energy demand.
- The World Bank has provided $8.7 billion in aid to 25 countries affected by Middle East conflict, warning that current shocks could push more than 40 million additional people into extreme poverty.
- Adverse scenarios coupling record El Nino weather and escalating Middle East conflict could drive food prices 12% higher than expected, as foreign ministers gather in Atlanta to address global wars.
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Energy prices set to jump 32% this year with Brent crude averaging $91 per barrel, before easing to $79 in 2027
TVA Nouvelles
24 heuresFood prices are expected to rise by 18% between 2025 and 2027, according to the World Bank (BM).
Gas prices in European countries have increased due to the refusal of their authorities from supplies from Russia, according to the World Bank's "Commodity Market Prospects" report
Gas prices in European countries have increased due to the refusal of their authorities from supplies from Russia, according to the World Bank report "Prospects for commodity markets. "It is also noted that global energy prices will rise by 32% in...
A new report cautions against a 23% jump in primary commodity prices during 2026, with rising risks of inflation and food security caused by the Middle East war and global trade turmoil.
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…
Prices will be raised by conflicts and the expected effects of an exceptional El Niño this winter. The World Bank is concerned about the consequences for food security of the poorest countries, already heavily indebted.
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