Global commodity prices are expected to decline this year at the fastest clip since the onset of the COVID-19 pandemic, clouding the growth prospects of almost two-thirds of developing economies that depend on commodity exports, according to the World Bank's latest Commodity Markets Outlook report.
However, according to the bank's report, a copy of which was obtained by Asharq Al-Awsat, lower prices are expected to bring little relief to the nearly 350 million people worldwide who face food insecurity.
