World Bank Projects 23% Commodity Price Increase for 2026 Due to Global Shocks

The World Bank Group's latest Commodity Markets Outlook forecasts a 23% surge in overall commodity prices for 2026. This increase is primarily driven by global shocks, including the Middle East conflict depleting oil inventories, which is expected to push energy prices to a four-year high. Additionally, disrupted grain shipments and El Niño's threat to harvests are anticipated to significantly raise food commodity prices.