ISLAMABAD: The World Bank has warned in its latest report that a significant increase in global commodity prices is expected in 2026, which could have a profound impact on economies and the agricultural sector.
According to the report, fertilizer prices are likely to increase by 31 percent, which could cause severe pressure on farmers and agricultural production, while a 24 percent increase in the energy sector has also been predicted.
However, the World Bank has clarified that this increase will occur if the supply disruptions caused by the ongoing war in the Middle East are eliminated by May.
The report further states that overall, global commodity prices are expected to increase by 16 percent in 2026, which could further increase inflationary pressures.
According to experts, this situation could be particularly worrying for developing countries as it will lead to a significant increase in food, energy and agricultural costs.
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