The expectation that agricultural commodity prices reduced by 11 percent in the current year compared to the previous year, especially edible oils and grains due to increased improvement in the conditions of supply.
BAGHDAD / Obelisk: Expect decide the World Bank rising price of crude oil increased by 7.5 percent in the current year in 2015 to $ 57 from 53 after rising in the second quarter of the year by 17 percent.
The report said that energy prices rose 12 percent for the period from April to the end of June of this year; as rising oil prices offset by lower natural gas prices by 13 percent and 4 percent of coal. Bank predicted that less energy prices by 39 percent on average for 2015 compared with those in 2014.
With regard to raw materials, the report predicted that prices will fall by 12 percent on average for 2015 compared with their prices in 2014. The report also predicted that metal prices reduced by 16 percent on average in 2015 compared with prices in 2014.
He predicted that iron ore prices down more than a third in the current year by about 43 percent, due to start a new low-cost mining capacity this year and next. He also predicted that the prices of agricultural commodities less than 11 percent in the current year compared to the previous year, especially edible oils and cereals increased by improvement in the conditions of supply.
The report is likely that fertilizer prices fall by 5 percent in the current year due to weak demand and abundant supply supply. The UN Security Council voted unanimously Monday to the six-party nuclear agreement between Iran and the Group, paving the way for its implementation and the lifting of sanctions imposed on Tehran.
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