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.
