New Delhi, June 16 -- Global commodity prices are expected to remain elevated in the coming months as geopolitical tensions in West Asia continue to disrupt supply chains and adverse weather conditions threaten agricultural output, according to a report by Bank of Baroda (BoB).

The report noted that commodity markets have witnessed a sharp surge since the outbreak of the conflict involving the US, Israel and Iran in late February 2026, with the impact spreading across energy, metals, fertilizers, food commodities and raw materials.

"Going forward, we believe that prices may remain elevated even in the next few months as it will take some time for supply chains to completely normalise even after the war ends," the report said.

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