Commodity prices up slightly in October 2025; minerals, ores and metals up; fuels and food down
Year-on-year change in UNCTAD Commodity Price Index by commodity group, percentage
UN Trade and Development, UNCTADstat.
The index has been modified in September 2025 to now only take data from automated sources, leading to (in general) small changes. Please read this methodology note for more information. The tables of individual prices have been discontinued.
The UNCTAD Commodity Price Index contracted 1.4% in October 2025, with a continuing increase in the minerals, ores and metals group (34.8%) counteracting falls in the fuels (-12.2%), agricultural raw materials (-11.4%) and the all foods (-4.2%) groups (all comparisons on a year-on-year basis).
This led to the minerals, ores and metals sub-index hitting another new high, while the fuels subindex is now less than 45% of the value of its August 2022 peak (on an absolute value basis).