The World Bank’s Commodity Markets Outlook, released twice a year in April and October, provides a comprehensive market analysis of major commodity groups, including agriculture, energy, fertilizers, metals, and precious metals.
The latest edition of the report, released on October 29, 2024, shows that commodity markets have experienced substantial volatility, in part due to shifting assessments of geopolitical risks and weak economic activity. Assuming no major escalation of geopolitical tensions, prices are expected to decrease by 5 percent in 2025 and 2 percent in 2026. The projected declines are led by oil and food prices but tempered by price increases for natural gas and a stable outlook for metals and agricultural raw materials. The possibility of escalating conflict in the Middle East represents a substantial near-term upside risk to energy prices, with potential knock-on consequences for other commodities. However, over the forecast horizon, longer-term dynamics—including decelerating global oil demand, diversifying oil production, and ample oil supply capacity—suggest sizable downside risks to oil prices, especially if OPEC+ unwinds its latest production cuts.
Organized by the World Bank and AKADEMIYA2063, this webinar will provide a platform to discuss the findings of the latest Commodity Markets Outlook report. The session will feature presentations by the authors of the report, followed by a Q&A segment with the audience.
