KUALA LUMPUR, Oct 29 – Commodity prices are set to rise 23 per cent in 2026 as global shocks mount with the West Asia conflict having drawn down oil inventories and is set to push energy prices to a four-year high, according to the World Bank Group’s latest Commodity Markets Outlook released on Wednesday.
The World Bank also said disrupted grain shipments and El Niño threaten harvests and food affordability.
“With oil stocks depleted, the world is more exposed to further supply shocks. As countries respond to these challenges, the World Bank Group is making financing and support available through its existing instruments, while scaling up its ability to mobilise private capital alongside its own resources,” said the World Bank in a statement issued in Washingto
