{
  "id": 17001355,
  "title": "Commodity prices to surge 23pc, warns World Bank",
  "url": "https://urgent.news/2026/10/29/commodity-prices-to-surge-23pc-warns-world-bank",
  "topic": "world",
  "section": "World",
  "published": "2026-10-29T03:25:40.000Z",
  "source": {
    "name": "Dawn",
    "slug": "dawn",
    "url": "https://www.dawn.com/news/2040573/commodity-prices-to-surge-23pc-warns-world-bank"
  },
  "original_language": "en",
  "account": "Global commodity prices are projected to skyrocket by 23 percent in 2026, according to the World Bank's latest outlook. Energy prices, including oil, natural gas, and metals, are expected to rise sharply, driven by shortages caused by the Middle East conflict and disruptions in cargo shipping. Food prices could see an even more significant increase, potentially reaching new highs due to supply issues in the Black Sea and an adverse El Nino weather event. The report warns that the situation could worsen if the Middle East conflict escalates further and Russian oil infrastructure remains damaged. Commodity markets are facing multiple shocks simultaneously, with oil stocks depleted and global oil supply projected to drop 5.2 percent in 2026, the largest decline in four decades. The World Bank emphasizes the need to protect vulnerable populations and support low-income countries grappling with debt burdens, providing $8.7 billion in low-cost loans and aid to 25 affected countries.",
  "summary": "WASHINGTON: Global commodity prices are set to surge 23 per cent in 2026, the World Bank said on Wednesday, citing rising energy prices and disruptions to cargo shipping during the Middle East war, grain shipment problems in the Black Sea and high demand for safe-haven assets such as gold. Oil, natural gas, food and metals prices all rose sharply this year as global shocks mounted, the World Bank…",
  "key_points": [
    "World Bank predicts 23% surge in global commodity prices in 2026",
    "Energy prices, including oil and metals, to rise sharply due to Middle East conflict",
    "Food prices expected to reach new highs from supply issues in Black Sea and El Nino"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}