The near-term outlook for commodity prices, as reflected in futures prices, shows broad declines across all main commodity groups. Overall, prices are projected to decline by 2 percent in 2013 (year over year), with improving supply prospects for all main commodity sectors. Energy prices are expected to fall by almost 3 percent on recovering oil supply from the past year's outages and strong growth in non-OPEC supply, particularly in North America. Food prices are projected to fall by more than 2 percent on the assumption of normal weather and improved harvests. Only metal prices are projected to trend upward, by more than 3 percent, which is consistent with global economic recovery and higher demand, especially in China.