The World Bank expects global commodity prices to decline

A new report from The World Bank shows global commodity prices could see a 21% decline in 2023.  

Lead economist Valerie Mercer-Blackman tells Brownfield, “Most of our commodities that we follow were at an all-time high in 2022 as a result of the effects of the Russia/Ukraine War and we have seen that falling by 14%.”

While commodity prices have declined, she says inflation is keeping food and fertilizer prices high.

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