---
title: "The World Bank: Commodity Prices Will Rise More Than Expected in 2018"
description: Contrarian value investors at Goehring & Rozencwajg, specialists in commodity and natural resource investing, share a recent press release from The World Bank on rising commodity prices.
image: https://blog.gorozen.com/hubfs/Blog%20Images/Blog-110-LinkedIn.png
---

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## The World Bank: Commodity Prices Will Rise More Than Expected in 2018

05/29/2018

![The-World-Bank-logo](https://blog.gorozen.com/hs-fs/hubfs/Blog%20Images/The-World-Bank-logo.png?width=300&name=The-World-Bank-logo.png)A recent press release from The World Bank caught our attention. **[Commodity prices to rise more than expected in 2018: World Bank](http://www.worldbank.org/en/news/press-release/2018/04/24/commodity-prices-to-rise-more-than-expected-in-2018-world-bank)** Here’s an excerpt:

> *“Oil prices are forecast to average $65 a barrel over 2018, up from an average of $53 a barrel in 2017, on strong demand from consumers and restraint by oil producers, while metals prices are expected to rise 9 percent this year, also on a pickup in demand and supply constraints…*
> 
> 
> 
> *Prices for energy commodities – which include oil, natural gas, and coal -- are forecast to jump 20 percent in 2018, a 16 percentage point upward revision from October’s outlook… The metals index is expected to rise as an 9 percent drop in iron ore prices is offset by increases in all base metals prices, led by nickel, which is forecast to rise 30 percent.”*

 

It’s important validation for much of the **[research we have published lately](https://info.gorozen.com/2018-1q-goehring-and-rozencwajg-commentary)**. In our opinion, it’s not about the numbers, rather the magnitude of the upward revisions. For more information, read the **[Commodity Markets Outlook](http://pubdocs.worldbank.org/en/271041524326092667/CMO-April-2018-Full-Report.pdf)** from **[The World Bank](http://www.worldbank.org/)**.

 

  

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Join us for our live webinar on Thursday, June 7 @ 1pm ET.  **[RSVP here](https://info.gorozen.com/2018-june-goehring-rozencwajg-webinar)**.*

 

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