The World Bank issued its latest Commodity Markets Outlook report today, warning that overlapping supply chain shocks, shipping route restrictions, and elevated energy costs will drive primary commodity prices up 23% this year. The analysis warned that sustained transportation bottlenecks threaten to trigger secondary food security shocks across import-dependent nations.
The projections build on a September 12 severe weather report tracking record El Niño crop disruptions across key agricultural producers in Southeast Asia.
https://www.worldbank.org/en/news/press-release/2026/10/28/commodity-markets-outlook-october-2026
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