State of Commodities: Q4 2025
Across October 2025, November 2025, December 2025, the largest single-month rise was Silver, +23.6% in December 2025, and the largest fall was Oranges, −18.6% in October 2025. 11 benchmark prices set a new highest monthly average in cash terms.
Month by month
| Month | Rose | Fell | Median change | Records |
|---|---|---|---|---|
| October 2025 | 19 | 21 | 0.0% | 4 |
| November 2025 | 21 | 19 | 0.0% | 4 |
| December 2025 | 20 | 19 | 0.0% | 3 |
By category
| Category | Average monthly change |
|---|---|
| Metals | +4.6% |
| Energy | +3.5% |
| Grains & cereals | +2.4% |
| Livestock, meat & dairy | +1.3% |
| Timber & forest products | −0.7% |
| Fibres & other raw materials | −0.9% |
| Oilseeds & vegetable oils | −1.3% |
| Softs | −2.3% |
| Fruit & vegetables | −2.7% |
| Fertilizers | −2.8% |
New records this quarter
- Silver: October 2025
- Gold: October 2025
- Copper: October 2025
- Beef: October 2025
- Beef: November 2025
- Silver: November 2025
- Gold: November 2025
- Copper: November 2025
- Silver: December 2025
- Copper: December 2025
- Gold: December 2025
← Q3 2025 · Q1 2026 → · All quarters · Download as PDF
World Bank Pink Sheet, primary benchmark of each commodity. A month's records and category averages are the same figures published on the monthly reports; this page only regroups them by quarter. Prices are monthly averages of benchmark quotes and are not investment advice.