Commodities Price Data 2010 2011 2011 Commodity Unit 2009 2010 2011 Q4 Q1 Q2 Q3 Q4 Oct Nov Dec Energy Coal, Australia a/ $/mt 71.84 98.97 120.94 107.63 128.99 120.00 120.61 114.15 118.99 113.80 109.66 Crude oil, avg, spot a/ $/bbl 61.76 79.04 104.01 85.42 99.75 110.05 103.07 103.16 99.85 105.41 104.23 Crude oil, Brent a/ $/bbl 61.86 79.64 110.94 86.79 104.90 117.10 112.47 109.29 109.47 110.50 107.91 Crude oil, Dubai a/ $/bbl 61.75 78.06 106.03 84.37 100.40 110.56 107.01 106.16 103.67 108.59 106.22 Crude oil, West Texas Int. a/ $/bbl 61.65 79.43 95.05 85.09 93.95 102.50 89.73 94.03 86.41 97.12 98.56 Natural gas Index a/ 2005=100 89.94 91.46 106.23 89.62 97.56 106.03 111.29 110.03 111.35 109.15 109.59 Natural gas, Europe a/ $/mmbtu 8.71 8.29 10.52 8.54 9.45 10.31 10.88 11.42 11.42 11.32 11.53 Natural gas, US a/ $/mmbtu 3.95 4.39 4.00 3.80 4.18 4.37 4.12 3.32 3.57 3.24 3.16 Natural gas LNG, Japan a/ $/mmbtu 8.94 10.85 14.66 10.91 11.99 13.71 16.35 16.59 16.48 16.80 16.50 Non Energy Commodities Agriculture Beverages Cocoa b/c/kg 288.9 313.3 298.0 296.6 334.3 307.4 303.5 246.8 268.0 252.7 219.7 Coffee, Arabica b/c/kg 317.1 432.0 597.6 513.9 620.0 636.5 597.7 536.2 546.3 540.3 521.9 Coffee, robusta b/c/kg 164.4 173.6 240.8 199.4 241.5 262.6 243.1 215.9 216.3 214.4 217.0 Tea, auctions (3), avg b/c/kg 272.4 288.5 292.1 303.5 288.7 299.7 300.3 279.5 290.3 278.7 269.5 Tea, Colombo auctions b/c/kg 313.7 329.0 326.4 342.4 356.3 319.7 313.0 316.7 323.4 315.5 311.1 Tea, Kolkata auctions b/c/kg 251.5 280.5 277.9 311.7 229.2 313.0 312.8 256.4 278.3 254.9 236.1 Tea, Mombasa auctions b/c/kg 252.0 256.0 271.9 256.3 280.6 266.3 275.3 265.4 269.2 265.8 261.3 Food Fats and Oils Coconut oil b/$/mt 725 1,124 1,730 1,546 2,073 1,996 1,474 1,375 1,208 1,479 1,439 Copra $/mt 480 750 1,157 1,038 1,379 1,342 991 917 804 980 968 Groundnut oil b/$/mt 1,184 1,404 1,985 1,604 1,723 1,830 2,142 2,245 n.a. 2,225 n.a. Palm oil b/$/mt 683 901 1,125 1,108 1,251 1,147 1,079 1,024 994 1,053 1,026 Palmkernel oil $/mt 700 1,184 1,648 1,619 2,131 1,874 1,338 1,249 1,085 1,298 1,363 Soybean meal b/$/mt 408 378 398 424 437 400 399 356 374 354 341 Soybean oil b/$/mt 849 1,005 1,299 1,242 1,349 1,311 1,324 1,213 1,220 1,217 1,203 Soybeans b/$/mt 437 450 541 522 565 557 553 489 503 486 477 Grains Barley b/$/mt 128.3 158.4 207.2 181.1 198.1 209.5 210.4 210.9 208.8 211.5 212.5 Maize b/$/mt 165.5 185.9 291.7 241.5 282.8 312.6 302.1 269.3 274.8 274.4 258.6 Rice, Thailand, 5% b/$/mt 555.0 488.9 543.0 510.8 511.2 493.1 567.7 600.1 599.4 615.3 585.8 Rice, Thailand, 25% $/mt 458.1 441.5 506.0 471.4 465.4 456.8 532.0 570.0 560.2 584.3 565.5 Rice,Thai, A.1 $/mt 326.4 383.7 458.6 423.1 411.3 419.2 476.2 527.6 489.0 549.8 544.0 Rice, Vietnam 5% $/mt n.a. 429.2 514.1 504.7 478.8 479.7 544.8 553.0 580.5 568.7 509.8 Sorghum $/mt 151.1 165.4 268.7 208.6 255.2 270.5 287.5 261.8 263.7 265.4 256.4 Wheat, Canada $/mt 300.5 312.4 439.6 383.6 449.0 474.6 429.8 405.2 414.1 407.7 393.7 Wheat, US, HRW b/$/mt 224.1 223.6 316.3 283.6 330.5 339.3 315.6 279.7 289.0 281.0 269.0 Wheat, US SRW $/mt 186.0 229.7 285.9 284.9 320.8 301.9 270.5 250.5 253.5 253.2 244.7 Other Food Bananas, EU $/mt 1,145 1,002 1,125 1,033 1,251 1,250 1,030 968 992 971 940 Bananas, US b/$/mt 847 868 968 909 964 1,004 953 951 954 956 942 Fishmeal $/mt 1,230 1,688 1,538 1,613 1,740 1,648 1,426 1,336 1,359 1,339 1,310 Meat, beef b/c/kg 264 335 404 353 410 406 394 407 386 416 419 Meat, chicken b/c/kg 188.8 189.2 192.6 189.3 188.2 191.0 194.3 197.0 196.2 196.7 198.0 Meat, sheep c/kg 427.6 531.4 663.1 618.7 637.1 668.5 686.5 660.2 666.3 663.6 650.7 Oranges b/$/mt 909 1,033 891 878 824 878 1,038 824 1,033 682 758 Shrimp, Mexico b/c/kg 945 1,004 1,193 1,222 1,246 ##### 1,198 1,085 1,102 1,083 1,069 Sugar, EU domestic b/c/kg 52.44 44.18 45.46 44.38 44.69 47.02 46.13 44.01 44.82 44.26 42.93 Sugar, US domestic b/c/kg 54.88 79.25 83.92 84.86 86.56 80.28 86.72 82.09 82.84 83.61 79.83 Sugar, world b/c/kg 40.00 46.93 57.32 58.01 62.70 52.56 60.72 53.29 56.11 52.95 50.79 continued on next page Commodity Markets Review -13 January 2012 3 Commodities Price Data 2010 0 2011 Commodity Unit 2009 2010 2011 Q4 Q1 Q2 Q3 Q4 Oct Nov Dec Raw Materials Timber Logs, Cameroon $/cum 421.5 428.6 487.0 448.5 451.6 489.6 515.1 491.9 501.0 494.7 479.9 Logs, Malaysia b/$/cum 287.2 278.2 390.5 312.1 326.2 382.1 444.7 409.0 435.9 403.3 387.9 Plywood c/sheets 564.6 569.1 607.5 580.5 588.5 603.2 621.0 617.5 619.9 617.5 615.0 Sawnwood, Cameroon $/cum 748.9 812.7 825.8 847.8 833.1 872.2 823.1 774.6 798.5 771.4 753.9 Sawnwood, Malaysia b/$/cum 805.5 848.3 939.4 892.9 921.6 959.2 965.2 911.8 954.2 892.8 888.4 Woodpulp $/mt 614.6 866.8 899.3 897.8 891.5 942.0 930.5 833.1 870.9 838.3 790.0 Other Raw Materials Cotton A Index b/c/kg 138.2 228.3 332.8 330.1 456.9 386.7 259.4 228.3 243.9 230.8 210.1 Rubber, RSS3 b/c/kg 192.1 365.4 482.3 432.8 573.2 530.1 465.3 360.6 406.1 337.2 338.4 Rubber, TSR20 c/kg 180.0 338.1 451.9 425.9 525.1 467.3 456.5 358.7 408.5 333.0 334.7 Fertilizers DAP b/$/mt 323.1 500.7 618.9 585.6 601.7 617.3 650.8 605.7 630.9 611.3 575.0 Phosphate rock b/$/mt 121.7 123.0 184.9 140.0 158.3 182.5 197.5 201.3 198.8 202.5 202.5 Potassium chloride b/$/mt 630.4 331.9 435.3 343.2 374.2 422.7 471.3 473.0 470.0 474.0 475.0 TSP b/$/mt 257.4 381.9 538.3 463.8 486.3 544.2 558.3 564.2 592.5 570.0 530.0 Urea, E. Europe, bulk b/$/mt 249.6 288.6 421.0 357.0 353.4 407.9 485.4 437.3 487.1 470.9 353.8 Metals and Minerals Aluminum b/$/mt 1,665 2,173 2,401 2,343 2,501 2,611 2,399 2,094 2,181 2,080 2,022 Copper b/$/mt 5,150 7,535 8,828 8,637 9,642 9,173 8,984 7,514 7,394 7,581 7,565 Gold $/toz 973 1,225 1,568 1,367 1,384 1,507 1,700 1,682 1,665 1,738 1,642 Iron ore, spot, cfr China $/dmt 80.0 145.9 167.8 155.9 178.6 175.8 175.9 140.8 150.4 135.5 136.4 Lead b/c/kg 171.9 214.8 240.1 239.0 260.4 255.1 245.5 199.2 196.0 199.4 202.2 Nickel b/$/mt 14,655 21,809 22,910 23,609 26,870 24,355 22,024 18,393 19,039 17,873 18,267 Silver c/toz 1,469 2,020 3,526 2,647 3,179 3,857 3,885 3,182 3,206 3,327 3,013 Steel products index 2005=100 122.5 124.0 143.4 126.1 135.4 147.7 146.8 143.8 146.8 142.9 141.7 Steel cr coilsheet $/mt 783 816 892 850 867 900 900 900 900 900 900 Steel hr coilsheet $/mt 683 716 792 750 767 800 800 800 800 800 800 Steel, rebar $/mt 486 563 630 550 600 640 640 640 640 640 640 Steel wire rod $/mt 969 712 762 653 684 782 790 790 790 790 790 Tin b/c/kg 1,357 2,041 2,605 2,601 2,986 2,885 2,466 2,085 2,187 2,129 1,938 Zinc b/c/kg 165.5 216.1 219.4 231.5 239.3 225.5 222.4 190.4 187.1 193.5 190.5 World Bank commodity price indices for low and middle income countries( 2005 =100) Energy 114.5 144.7 188.0 155.5 181.1 197.5 187.1 186.4 181.8 189.8 187.6 Non Energy Commodities 142.0 173.9 209.9 197.9 221.5 217.2 212.3 188.8 194.1 188.7 183.7 Agriculture 149.2 170.4 209.0 195.9 220.4 215.0 209.7 190.7 196.6 190.7 184.9 Beverages 157.5 182.1 208.2 193.6 219.8 218.7 210.7 183.7 191.4 185.5 174.2 Food 155.7 169.6 210.1 198.5 217.8 212.4 212.6 197.6 200.2 199.1 193.4 Fats and Oils 165.0 184.5 222.7 219.6 240.8 227.1 220.3 202.6 203.1 204.6 199.9 Grains 169.2 171.8 238.5 207.9 233.5 245.8 245.4 229.3 233.0 233.3 221.7 Other Food 131.3 148.2 167.8 162.1 173.2 162.8 172.9 162.2 166.7 160.9 159.1 Raw Materials 129.0 166.1 206.6 190.8 227.0 219.7 201.9 177.8 190.6 172.9 169.8 Timber 126.4 130.5 153.5 139.4 144.4 154.9 162.4 152.2 160.1 149.3 147.1 Other Raw Materials 131.8 205.1 264.7 247.1 317.4 290.5 245.1 205.7 223.9 198.7 194.6 Fertilizers 203.8 187.2 267.0 217.1 230.2 262.6 290.9 284.2 295.3 291.8 265.5 Metals and Minerals c/ 120.3 179.6 205.5 199.9 222.7 216.4 208.7 174.0 177.3 173.0 171.9 Base Metals d/ 119.7 169.2 193.2 190.6 210.6 203.8 194.4 164.1 164.7 164.7 163.0 a/ Included in the energy index (2005=100) b/ Included in the non-energy index (2005=100) c/ base metals plus iron ore d/ Includes aluminum, copper, lead, nickel, tin and zinc $ = US dollar ยข = US cent bbl = barrel cum = cubic meter dmtu = Dry Metric Ton Unit kg = kilogram mmbtu = million British thermal units mt = metric ton toz = troy oz n.a. = not available n.q. = no quotation Commodity Markets Review -13 January 2012 4