{
  "id": 17643167,
  "title": "World Bank: Global commodity prices forecast to rise 23% in 2026 as energy costs surge 32%",
  "url": "https://urgent.news/2026/11/01/world-bank-global-commodity-prices-forecast-to-rise-23-in-2026-as",
  "topic": "world",
  "section": "World",
  "published": "2026-11-01T17:20:07.000Z",
  "source": {
    "name": "People Daily Kenya",
    "slug": "people-daily-kenya",
    "url": "https://peopledaily.digital/news/world-bank-global-commodity-prices-forecast-to-rise-23-in-2026-as-energy-costs-surge-32"
  },
  "original_language": "en",
  "account": null,
  "summary": "The World Bank has forecasted a 23% increase in global commodity prices for 2026, driven by conflicts, supply disruptions, and weather-related risks. Energy prices are expected to rise by 32%, reversing a three-year trend, with Brent crude projected to average Ksh11,812 per barrel in 2026. Food commodity prices are anticipated to increase by 10% in 2026 and a further 7% in 2027. Metal prices are forecast to rise 25% in 2026, with aluminium, copper, and tin expected to reach record levels due to demand from renewable energy, electric vehicles, and data centres, as well as supply disruptions.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Gulf Times Business",
        "title": "GWC Group highlights energy logistics capabilities at ADIPEC 2026",
        "url": "https://urgent.news/2026/10/31/gwc-group-highlights-energy-logistics-capabilities-at-adipec-2026",
        "published": "2026-10-31T21:00:00.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "Global energy giants gather in Abu Dhabi as Adipec prepares for record exhibition",
        "url": "https://urgent.news/2026/11/01/global-energy-giants-gather-in-abu-dhabi-as-adipec-prepares-for",
        "published": "2026-11-01T14:54:58.000Z"
      }
    ]
  },
  "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."
}