World Bank Sees Commodity Prices up 23% in 2026 Due to Middle East War, Other Shocks
The World Bank said energy, food and metals prices will rise as conflicts, shipping disruptions and El Niño strain supply chains and stoke inflation risks.
- 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, reversing three years of declines, while oil supply is expected to drop 5.2%—the biggest decline in four decades outside the 2020 global recession.
- Food commodity prices face a cumulative increase of nearly 18% through 2027, while metals are projected to rise 25% and fertilizer costs climb 14% amid persistent supply disruptions.
- The World Bank has provided $8.7 billion in emergency aid to 25 countries, warning that commodity shocks could push more than 40 million additional people into extreme poverty.
- Adverse scenarios involving El Nino and escalating Middle East conflict could drive food prices 12% higher than expected, as foreign ministers gather in Atlanta to address global crises.
134 Articles
134 Articles
Food will be seven percent more expensive next year, according to a World Bank analysis. Among other things, interrupted grain deliveries, threatened harvests due to unfavourable weather and high fuel and fertilizer prices contribute to this.
World Bank forecasts higher energy, food commodity prices
The costs of energy and food items will increase in the remainder of 2026 into 2027, according to the World Bank Group's latest Commodity Markets Outlook, released Wednesday. The report forecasts a varying jump in prices, citing the shocks triggered by the Middle East conflict, which has depleted oil reserves and is set to push […] World Bank forecasts higher energy, food commodity prices
Commodity shocks are spreading from energy to food and metals
Global commodity prices are forecast to rise 23% in 2026 as energy disruptions and tighter supplies reach food and industrial markets, according to the World Bank. The bank expects prices to ease next year, but warns that further shocks could keep costs elevated. The October Commodity Markets Outlook puts energy at the center of the ...
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