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001122334455554433221100

commodity prices projected to hit lowest levels since 2020

Global commodity prices are projected to decline, driven primarily by increased energy production, particularly crude oil, from countries like Brazil, Canada, Guyana, and the US. The World Bank forecasts a 3% drop in the Commodity Price Index for 2024, followed by further declines of 5% in 2025 and 2% in 2026, marking the lowest levels since 2020.
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