Global commodity prices rose 3.8% over the previous month in September, contrasting August’s 5.3% drop and marking the strongest increase in five months.
September’s rebound mostly reflected a surge in energy prices, as well as sizeable increases in prices for base and precious metals. Overall, the price for the three commodity groups was positively affected by news that China and the United States would resume trade talks and President Trump’s comment that a deal “could happen sooner than you think”, which temporarily boosted economic sentiment. On the flip side, agricultural prices declined in September for the seventh time in the last nine months.
