TTHH
Tin ▼ 3.23% 45,479.00 Coal, South African ▼ 2.33% 126.00 Urea ▼ 1.70% 432.50 Coal ▼ 0.52% 144.45 Iron ore ▼ 0.45% 92.70 Nickel ▲ 0.44% 16,385.00 Rice ▲ 0.41% 17.93 Beef ▲ 0.34% 392.70 DAP ▼ 0.31% 795.00 Rubber ▲ 0.29% 242.20 Tin ▼ 3.23% 45,479.00 Coal, South African ▼ 2.33% 126.00 Urea ▼ 1.70% 432.50 Coal ▼ 0.52% 144.45 Iron ore ▼ 0.45% 92.70 Nickel ▲ 0.44% 16,385.00 Rice ▲ 0.41% 17.93 Beef ▲ 0.34% 392.70 DAP ▼ 0.31% 795.00 Rubber ▲ 0.29% 242.20
Global commodity market report, October 2026

Global commodity market report, October 2026

Figures for October 2026, read directly from 4 documents published by international organizations and statistics offices.

Biggest rises over 12 months

Biggest falls over 12 months

October 2026 averages in US dollars, from the World Bank Pink Sheet.Percentage changes computed by us from the publisher's own figures.

World commodity prices

European natural gas led the risers: +161.7% in 12 months. 28 of 35 commodities cost more than a year earlier. The steepest fall was Robusta Coffee (-23.4%). Within the month, European natural gas moved most: +12.1% on the previous month.

Change over 12 monthsOctober 2026 against a year earlier: the biggest risers and fallers, World Bank monthly average prices.
  • European natural gas+161.7%
  • Brent Crude Oil+93.2%
  • WTI Crude Oil+62.3%
  • Dubai Crude Oil+59.7%
  • Japan LNG+49.5%
  • TSR20 rubber+49.1%
  • Tin+43.6%
  • Coal+41.7%
  • Thai Rice 5%+37.4%
  • Wheat+37.3%
  • Tea-4.3%
  • US Natural Gas-7.5%
  • Iron ore 62% Fe-12.3%
  • Arabica Coffee-16.9%
  • Robusta Coffee-23.4%
CommodityUnitPricevs previous monthvs a year earlier
Brent Crude OilUSD/bbl125+7.0%+93.2%
WTI Crude OilUSD/bbl97.7+0.8%+62.3%
Dubai Crude OilUSD/bbl102.7+10.1%+59.7%
European natural gasUSD/MMBtu28.5+12.1%+161.7%
US Natural GasUSD/MMBtu2.96+0.3%-7.5%
Japan LNGUSD/MMBtu16.59+2.0%+49.5%
CoalUSD/t152.3+3.5%+41.7%
Arabica CoffeeUSD/kg7.4+1.9%-16.9%
Robusta CoffeeUSD/kg3.63-1.6%-23.4%
CocoaUSD/kg5.75-2.9%-3.4%
TeaUSD/kg2.88+0.7%-4.3%
Thai Rice 5%USD/t489+1.5%+37.4%
VN Rice 5%USD/t413.9-1.1%+13.2%
WheatUSD/t317-8.6%+37.3%
CornUSD/t226.5-5.5%+14.3%
SoybeansUSD/t515-1.7%+27.5%
Soybean oilUSD/t1,546-4.3%+36.6%
Palm OilUSD/t1,120-5.1%+7.9%
SugarUSD/kg0.43+4.9%+26.5%
BeefUSD/kg6.83-0.4%-3.7%
ChickenUSD/kg1.84+1.7%+7.0%
TSR20 rubberUSD/kg2.55+5.8%+49.1%
CottonUSD/kg2-4.8%+19.0%
UreaUSD/t420+3.1%+6.5%
DAPUSD/t803.1+0.3%+6.5%
Potash (KCl)USD/t357.5-2.7%+1.6%
CopperUSD/t14,508+0.2%+35.1%
AluminumUSD/t3,061-6.8%+9.6%
TinUSD/t51,696-3.8%+43.6%
ZincUSD/t3,818-5.0%+21.1%
NickelUSD/t15,436-5.4%+2.3%
Iron ore 62% FeUSD/dmt90.8-7.1%-12.3%
GoldUSD/oz4,105-5.0%+1.2%
SilverUSD/oz57-11.8%+15.4%
PlatinumUSD/oz1,621-9.1%+0.3%

October 2026 averages in US dollars, from the World Bank Pink Sheet.Percentage changes computed by us from the publisher's own figures.

Commodity price indexes

Energy index: +89.3% in 12 months. It moved +7.1% on the previous month. The non-energy index stands +11.5% on the year and -1.8% on the month. Over 12 months the strongest group was Energy (+89.3%) and the weakest Beverages (-11.6%).

Change over 12 monthsWorld Bank price indexes, October 2026 against a year earlier.
  • Energy+89.3%
  • Metals and minerals+19.9%
  • Food+14.7%
  • Non-energy+11.5%
  • Agriculture+7.3%
  • Fertilizers+6.2%
  • Precious metals+3.3%
  • Beverages-11.6%
World Bank, 2010 = 100
IndexOctober 2026vs previous monthvs a year earlier
All commodities149.2+4.4%+58.1%
Energy159.6+7.1%+89.3%
Non-energy128.2-1.8%+11.5%
Agriculture119.8-1.3%+7.3%
Beverages167-0.7%-11.6%
Food121.9-1.8%+14.7%
Fertilizers148.2+0.8%+6.2%
Metals and minerals143.1-3.0%+19.9%
Precious metals317.6-6.2%+3.3%

Oil and energy

Brent Crude Oil averaged 125 USD/bbl. That is +7.0% on the previous month and +93.2% on a year earlier. Among energy prices, European natural gas moved most within the month: +12.1%.

Change from the previous monthAverage energy prices in October 2026 against the previous month, World Bank.
  • European natural gas+12.1%
  • Dubai Crude Oil+10.1%
  • Brent Crude Oil+7.0%
  • Coal+3.5%
  • Japan LNG+2.0%
  • WTI Crude Oil+0.8%
  • US Natural Gas+0.3%

Food and agriculture

FAO Food Price Index: 133.9 points. The index is -1.3% on the previous month and +5.9% on a year earlier. Within the month, Sugar moved most (+6.7%).

Change over 12 monthsFAO Food Price Index and its groups, October 2026 against a year earlier.
  • Sugar+28.9%
  • Vegetable oils+17.6%
  • Cereals+12.5%
  • FAO Food Price Index+5.9%
  • Meat+0.4%
  • Dairy-16.9%
FAO · FAO, 2014–2016 = 100
IndexOctober 2026vs previous monthvs a year earlier
FAO Food Price Index133.9-1.3%+5.9%
Meat125.5-1.3%+0.4%
Dairy117.8-1.1%-16.9%
Cereals116.8-4.5%+12.5%
Vegetable oils199.2+0.3%+17.6%
Sugar121.3+6.7%+28.9%

Domestic prices and inflation

Euro area: CPI +4.0% year on year.

Inflation (CPI), year on yearLatest period published by each statistics office.
  • Euro area+4.0%

Euro area

Eurostat

CPI, year on year
+4.0%
Energy
+20.8%
Food
+1.6%
Services
+3.3%
Excluding energy and food
+2.5%

Forecasts by the organizations

Brent forecasts for 2026: 91 USD/bbl. The October 2026 average was 125 USD/bbl. The World Bank forecast was published in October 2026.

Brent crude: actual and forecastUSD/bbl. Forecasts are full-year averages by the organization named.
  • Actual, October 2026125
  • World Bank 202691
  • World Bank 202779
World Bank – Commodity Markets Outlook (October 2026)
Commodity20262027
Energy index118.8105.1
Brent Crude Oil (USD/bbl)9179
European natural gas (USD/MMBtu)1917.5
Cocoa (USD/kg)4.95.4
Arabica Coffee (USD/kg)7.357.2
Robusta Coffee (USD/kg)3.853.8
Thai Rice 5% (USD/t)448500
Corn (USD/t)223235
Urea (USD/t)510429
Copper (USD/t)13,20013,000
Gold (USD/oz)4,6004,250
TSR20 rubber (USD/kg)2.22.3
Aluminum (USD/t)3,2503,100
Palm Oil (USD/t)1,1461,256
Sugar (USD/kg)0.370.38

Annual-average forecasts by the organization named, not ours.