Dhaka, Nov 01 (V7N)- The World Bank has predicted that global commodity prices will fall to their lowest levels in six years next year, driven by weak global economic growth, oversupply of fuel, and policy uncertainty. Prices are expected to drop by an average of 7 percent, according to the Bank’s Commodity Market Outlook report.

The report noted that global inflation has eased due to declining fuel prices, and the costs of key food grains, including rice and wheat, have also decreased, making food more affordable in developing countries. Despite this, commodity prices in 2025 are projected to remain 23 percent higher than in 2019, and in 2026 they are expected to be 14 percent higher.

The World Bank emphasized that while current trends help stabilize the global economy, the relief is not permanent. Governments are urged to restructure fiscal policies and investment strategies to capitalize on this period.

The report also warned that geopolitical tensions, La Niña impacts, and increased electricity demand from AI technologies could introduce new uncertainties in commodity prices next year.

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