World Bank Commodities Price Data (The Pink Sheet) 6-Jan-2014 Annual Averages Quarterly Averages Monthly Averages Jan-Dec Jan-Dec Jan-Dec Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Oct Nov Dec Commodity Unit 2011 2012 2013 2012 2013 2013 2013 2013 2013 2013 2013 Energy Coal, Australia $/mt a/ 121.4 96.4 84.6 86.9 92.9 86.1 77.3 82.0 79.4 82.3 84.3 Coal, Colombia $/mt 111.5 84.0 71.9 79.3 79.3 71.3 65.8 71.1 67.7 72.4 73.2 Coal, South Africa $/mt 116.3 92.9 80.2 85.8 84.7 80.4 72.9 83.0 80.6 83.8 84.6 Crude oil, average $/bbl 104.0 105.0 104.1 101.9 105.1 99.3 107.4 104.5 105.4 102.6 105.5 Crude oil, Brent $/bbl a/ 110.9 112.0 108.9 110.5 112.9 103.0 110.1 109.4 109.5 108.1 110.7 Crude oil, Dubai $/bbl a/ 106.0 108.9 105.4 107.2 108.0 100.8 106.2 106.7 106.3 105.9 107.9 Crude oil, WTI $/bbl a/ 95.1 94.2 97.9 88.1 94.3 94.2 105.8 97.4 100.5 93.9 97.9 Natural gas, Index 2010=100 108.5 99.2 112.1 107.4 109.7 118.6 108.3 111.9 109.0 109.3 117.4 Natural gas, Europe $/mmbtu a/ 10.5 11.5 11.8 11.7 11.8 12.4 11.5 11.4 11.4 11.4 11.6 Natural gas, US $/mmbtu a/ 4.0 2.8 3.7 3.4 3.5 4.0 3.6 3.8 3.7 3.6 4.2 Natural gas, LNG Japan $/mmbtu a/ 14.7 16.6 16.0 15.2 16.2 16.3 15.6 15.9 15.3 16.1 16.4 Non Energy Commodities Agriculture Beverages Cocoa $/kg b/ 2.98 2.39 2.44 2.45 2.21 2.31 2.47 2.77 2.73 2.76 2.82 Coffee, arabica $/kg b/ 5.98 4.11 3.08 3.57 3.35 3.20 2.98 2.77 2.84 2.69 2.78 Coffee, robusta $/kg b/ 2.41 2.27 2.08 2.20 2.28 2.14 2.04 1.85 1.85 1.76 1.94 Tea, average $/kg 2.92 2.90 2.86 3.04 2.94 2.89 2.79 2.82 2.80 2.78 2.89 Tea, Colombo auctions $/kg b/ 3.26 3.06 3.45 3.20 3.38 3.29 3.37 3.77 3.77 3.72 3.81 Tea, Kolkata auctions $/kg b/ 2.78 2.75 2.73 2.91 2.57 3.04 2.76 2.56 2.62 2.52 2.55 Tea, Mombasa auctions $/kg b/ 2.72 2.88 2.40 3.00 2.87 2.35 2.23 2.13 2.00 2.09 2.31 Food Oils and Meals Coconut oil $/mt b/ 1,730 1,111 941 844 837 839 912 1,175 985 1,270 1,269 Copra $/mt 1,157 741 627 565 553 560 603 791 663 865 846 Fishmeal $/mt 1,537 1,558 1,747 1,776 1,869 1,821 1,699 1,600 1,646 1,600 1,553 Groundnuts $/mt 2,086 2,175 1,378 1,423 1,360 1,400 1,380 1,370 1,370 1,370 1,370 Groundnut oil $/mt b/ 1,988 2,436 1,773 2,298 2,002 1,860 1,694 1,537 1,575 1,543 1,493 Palm oil $/mt b/ 1,125 999 857 809 853 850 827 897 859 921 912 Palmkernel oil $/mt 1,648 1,110 897 813 824 836 871 1,057 915 1,112 1,143 Soybean meal $/mt b/ 398 524 545 587 531 528 552 570 580 566 564 Soybean oil $/mt b/ 1,299 1,226 1,057 1,158 1,160 1,070 1,006 991 987 996 989 Soybeans $/mt b/ 541 591 538 604 566 505 527 555 544 553 568 Grains Barley $/mt b/ 207.2 240.3 202.2 249.3 236.7 230.4 191.0 150.7 150.8 152.0 149.2 Maize $/mt b/ 291.7 298.4 259.4 317.2 305.0 291.3 241.9 199.4 201.7 199.1 197.4 Rice, Thailand 5% $/mt b/ 543.0 563.0 505.9 558.4 562.1 541.6 477.3 442.7 439.0 438.0 451.0 Rice, Thailand 25% $/mt 506.0 543.8 473.0 530.8 537.9 509.4 435.7 408.9 423.0 405.0 398.7 Rice, Thailand A1 $/mt 458.6 525.1 474.0 521.2 532.5 511.1 440.5 411.8 420.4 414.3 400.8 Rice, Vietnam 5% $/mt 513.6 434.4 392.4 438.6 401.5 387.8 383.1 397.2 376.3 395.9 419.4 Sorghum $/mt 268.7 271.9 243.3 285.4 292.0 259.9 219.2 202.1 205.2 195.2 205.9 Wheat, US HRW $/mt b/ 316.3 313.2 312.2 355.7 321.4 313.8 305.8 308.0 325.7 306.8 291.6 Wheat, US SRW $/mt 285.9 295.4 276.7 337.3 297.6 275.2 257.7 276.4 287.7 274.4 267.0 Other Food Bananas, EU $/kg 1.12 1.10 1.02 1.10 1.10 1.07 0.98 0.94 0.96 0.88 0.97 Bananas, US $/kg b/ 0.97 0.98 0.92 0.94 0.93 0.91 0.93 0.93 0.93 0.92 0.92 Meat, beef $/kg b/ 4.04 4.14 4.07 4.19 4.27 4.11 3.89 4.03 3.93 4.04 4.11 Meat, chicken $/kg b/ 1.93 2.08 2.29 2.13 2.21 2.29 2.34 2.31 2.32 2.31 2.30 Meat, sheep $/kg 6.63 6.09 5.65 5.86 5.53 5.45 5.56 6.06 5.99 6.04 6.14 Oranges $/kg b/ 0.89 0.87 0.97 0.86 0.83 1.07 1.14 0.83 1.00 0.77 0.74 Shrimp, Mexico $/kg 11.93 10.06 13.84 10.24 11.26 12.24 15.15 16.70 16.07 16.95 17.09 Sugar, EU domestic $/kg b/ 0.45 0.42 0.43 0.42 0.43 0.43 0.43 0.44 0.45 0.44 0.45 Sugar, US domestic $/kg b/ 0.84 0.64 0.45 0.50 0.46 0.43 0.45 0.46 0.48 0.46 0.44 Sugar, World $/kg b/ 0.57 0.47 0.39 0.43 0.41 0.39 0.38 0.39 0.41 0.39 0.36 continued on next page -1- World Bank Commodities Price Data (The Pink Sheet) 6-Jan-2014 Annual Averages Quarterly Averages Monthly Averages Jan-Dec Jan-Dec Jan-Dec Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Oct Nov Dec Commodity Unit 2011 2012 2013 2012 2013 2013 2013 2013 2013 2013 2013 Raw Materials Timber Logs, Cameroon $/cum 484.8 451.4 463.5 453.2 456.2 457.4 464.1 476.5 477.4 472.4 479.6 Logs, Malaysia $/cum b/ 390.5 360.5 305.4 352.7 322.5 301.8 301.1 296.3 304.3 297.4 287.3 Plywood ¢/sheets 607.5 610.3 560.2 611.5 591.6 553.5 552.3 543.6 558.2 545.4 527.1 Sawnwood, Cameroon $/cum 825.8 759.3 749.2 765.9 740.7 736.2 743.8 776.0 771.0 772.1 785.0 Sawnwood, Malaysia $/cum b/ 939.4 876.3 852.8 874.4 845.2 837.4 846.0 882.7 877.0 878.2 892.8 Woodpulp $/mt 899.6 762.8 823.1 748.2 784.0 818.7 830.9 858.7 845.7 860.5 870.0 Other Raw Materials Cotton, A Index $/kg b/ 3.33 1.97 1.99 1.81 1.98 2.04 2.02 1.92 1.97 1.87 1.93 Rubber, RSS3 $/kg b/ 4.82 3.38 2.79 3.10 3.16 2.91 2.59 2.53 2.53 2.49 2.56 Rubber, TSR20 $/kg 4.52 3.16 2.52 2.88 2.96 2.45 2.35 2.31 2.32 2.30 2.31 Fertilizers DAP $/mt b/ 618.9 539.8 444.9 532.3 491.6 489.8 432.1 366.1 377.3 351.3 369.9 Phosphate rock $/mt b/ 184.9 185.9 148.1 185.0 173.0 166.3 143.2 110.0 120.6 108.5 101.0 Potassium chloride $/mt b/ 435.3 459.0 379.2 430.1 390.8 392.3 391.9 341.6 358.7 334.0 332.0 TSP $/mt b/ 538.3 462.0 382.1 452.2 435.0 426.0 366.0 301.3 310.0 295.0 298.8 Urea, E. Europe $/mt b/ 421.0 405.4 340.1 383.0 396.6 342.4 307.5 313.9 299.3 312.4 330.1 Metals and Minerals Aluminum $/mt b/ 2,401 2,023 1,847 2,003 2,000 1,836 1,783 1,767 1,815 1,748 1,739 Copper $/mt b/ 8,828 7,962 7,332 7,913 7,918 7,161 7,086 7,162 7,203 7,071 7,214 Iron ore $/dmt b/ 168 128 135 121 148 126 133 135 133 136 136 Lead $/mt b/ 2,401 2,065 2,140 2,201 2,290 2,053 2,102 2,114 2,115 2,090 2,136 Nickel $/mt b/ 22,910 17,548 15,032 16,984 17,296 14,967 13,956 13,909 14,118 13,684 13,926 Tin $/mt b/ 26,054 21,126 22,286 21,609 24,018 20,902 21,314 22,910 23,102 22,827 22,803 Zinc $/mt b/ 2,194 1,950 1,910 1,952 2,029 1,842 1,861 1,908 1,885 1,866 1,973 Precious Metals Gold $/toz c/ 1,569 1,670 1,412 1,718 1,631 1,415 1,329 1,272 1,317 1,276 1,224 Platinum $/toz c/ 1,719 1,551 1,487 1,598 1,632 1,466 1,451 1,397 1,413 1,420 1,356 Silver $/toz c/ 35.2 31.1 23.8 32.6 30.1 23.2 21.4 20.8 21.9 20.8 19.6 World Bank commodity price indices for low and middle income countries (2010=100) Energy 128.7 127.6 127.4 124.7 128.6 123.1 130.2 127.7 128.3 125.5 129.5 Non Energy Commodities 119.8 109.5 101.7 108.2 107.2 101.7 99.2 98.6 99.1 98.0 98.5 Agriculture 121.6 114.5 106.3 113.5 110.1 107.3 104.3 103.5 104.0 103.1 103.3 Beverages 116.0 92.6 83.3 89.3 84.5 83.3 82.2 83.1 83.1 81.5 84.7 Food 122.5 124.5 115.6 124.9 120.7 117.4 113.2 111.2 112.0 111.2 110.5 Fats and Oils 120.5 126.1 115.9 122.9 117.8 112.7 113.8 119.2 117.5 119.9 120.1 Grains 138.2 141.3 128.2 150.2 143.6 138.3 121.6 109.5 111.7 109.0 107.6 Other Food 111.1 107.1 103.9 104.7 104.0 104.7 104.7 102.4 105.0 101.6 100.4 Raw Materials 122.0 101.3 95.3 98.3 97.3 94.9 94.1 95.0 95.4 94.3 95.4 Timber 117.3 109.1 102.6 108.3 103.2 100.9 101.6 104.6 104.7 104.3 104.8 Other Raw Materials 127.2 92.8 87.4 87.4 90.8 88.3 85.9 84.6 85.2 83.5 85.1 Fertilizers 142.6 137.6 113.7 132.0 128.9 119.8 108.2 97.9 98.8 96.6 98.2 Metals and Minerals 113.5 96.1 90.8 94.6 98.7 88.2 87.8 88.5 89.1 87.8 88.7 Base Metals d/ 113.1 98.0 90.3 97.3 98.0 88.7 87.1 87.6 88.7 86.5 87.7 Precious Metals 136.3 138.5 115.1 143.0 135.2 114.6 107.4 103.2 107.1 103.4 98.9 Notes: a/ Included in the energy index, b/ Included in the non-energy index, c/ Included in the precious metals index, d/ Metals and Minerals exluding iron ore. Abbreviations: $ = US dollar bbl = barrel cum = cubic meter dmt = dry metric ton kg = kilogram mmbtu = million British thermal units mt = metric ton toz = troy oz .. = not available Sources: Bloomberg, Cotton Outlook, Datastream, Fertilizer Week, INFOFISH, INTERFEL Fel Actualités hebdo, International Cocoa Organiza tion, International Coffee Organization, International Rubber Study Group, International Tea Committee, International Tropical Timber Organization, Inte rnatonal Sugar Organization, ISTA Mielke GmbH Oil World, Japan Lumber Journal, MLA Meat & Livestock Weekly, Platts International Coal Report, Singapore Commodity Exch ange, Sopisco News, Sri Lanka Tea Board, US Department of Agriculture, US NOAA Fisheries Service, World Gas Intelligence. continued on next page Description of Price Series -2- Description of Price Series Coal (Australia), thermal, f.o.b. piers, Newcastle/Port Kembla, 6,700 kcal/kg, 90 days forward delivery beginning year 2011; for period 2002-2010, 6,300 kc/kg (11,340 btu/lb); prior to year 2002, 6,667 kcal/kg (12,000 btu/lb). Coal (Colombia), thermal, f.o.b. Bolivar, 6,450 kcal/kg, (11,200 btu/lb); during years 2002-July 2005 11,600 btu/lb, less than .8% sulfur, 9% ash, 90 days forward delivery. Coal (South Africa), thermal, f.o.b. Richards Bay, 90 days forward delivery; 6,000 kcal/kg, during 2002-2005, 6,200 kcal/kg (11,200 btu/lb); during 1990-2001 6390 kcal/kg (11,500 btu/lb). Crude oil, average price of Brent, Dubai and West Texas Intermediate, equally weighed. Crude oil, U.K. Brent 38° API. Crude oil, Dubai Fateh 32° API. Crude oil, West Texas Intermediate (WTI) 40° API. Natural Gas Index (Laspeyres), weights based on 5-year consumption volumes for Europe, US and Japan (LNG), updated every 5 years, except the 11-year period 1960-70. Natural Gas (Europe), average import border price, including UK. As of April 2010 includes a spot price component. Between June 2000 - March 2010 excludes UK. Natural Gas (U.S.), spot price at Henry Hub, Louisiana. Natural gas LNG (Japan), import price, cif, recent two months' averages are estimates. Cocoa (ICCO), International Cocoa Organization daily price, average of the first three positions on the terminal markets of New York and London, nearest three future trading months. Coffee (ICO), International Coffee Organization indicator price, other mild Arabicas, average New York and Bremen/Hamburg markets, ex-dock. Coffee (ICO), International Coffee Organization indicator price, Robustas, average New York and Le Havre/Marseilles markets, ex-dock. Tea, average three auctions, arithmetic average of quotations at Kolkata, Colombo and Mombasa/Nairobi. Tea (Colombo auctions), Sri Lankan origin, all tea, arithmetic average of weekly quotes. Tea (Kolkata auctions), leaf, include excise duty, arithmetic average of weekly quotes. Tea (Mombasa/Nairobi auctions), African origin, all tea, arithmetic average of weekly quotes. Coconut oil (Philippines/Indonesia), bulk, c.i.f. Rotterdam. Copra (Philippines/Indonesia), bulk, c.i.f. N.W. Europe. Groundnuts (US), Runners 40/50, shelled basis, c.i.f. Rotterdam. Groundnut oil (any origin), c.i.f. Rotterdam. Fishmeal (any origin), 64-65%, c&f Bremen, estimates based on wholesale price, beginning 2004; previously c&f Hamburg. Palm oil (Malaysia), 5% bulk, c.i.f. N. W. Europe. Palmkernel Oil (Malaysia), c.i.f. Rotterdam. Soybean meal (any origin), Argentine 45/46% extraction, c.i.f. Rotterdam beginning 1990; previously US 44%. Soybean oil (Any origin), crude, f.o.b. ex-mill Netherlands. Soybeans (US), c.i.f. Rotterdam. Barley (US) feed, No. 2, spot, 20 days To-Arrive, delivered Minneapolis from May 2012 onwards; during 1980 - 2012 April Canadian, feed, Western No. 1, Winnipeg Commodity Exchange, spot, wholesale farmers' price. Maize (US), no. 2, yellow, f.o.b. US Gulf ports. Rice (Thailand), 5% broken, white rice (WR), milled, indicative price based on weekly surveys of export transactions, government standard, f.o.b. Bangkok. Rice (Thailand), 25% broken, WR, milled indicative survey price, government standard, f.o.b. Bangkok. Rice (Thailand), 100% broken, A.1 Super from 2006 onwards, government standard, f.o.b. Bangkok; prior to 2006, A1 Special, a slightly lower grade than A1 Super. Rice (Vietnam), 5% broken, WR, milled, weekly indicative survey price, Minimum Export Price, f.o.b. Hanoi. Sorghum (US), no. 2 milo yellow, f.o.b. Gulf ports. Wheat (US), no. 1, hard red winter, ordinary protein, export price delivered at the US Gulf port for prompt or 30 days shipment. Wheat (US), no. 2, soft red winter, export price delivered at the US Gulf port for prompt or 30 days shipment. Bananas (Central & South America), major brands, free on truck (f.o.t.) Southern Europe, including duties; prior to October 2006, f.o.t. Hamburg. Bananas (Central & South America), major brands, US import price, f.o.t. US Gulf ports. Meat, beef (Australia/New Zealand), chucks and cow forequarters, frozen boneless, 85% chemical lean, c.i.f. U.S. port (East Coast), ex-dock, beginning November 2002; previously cow forequarters. Meat, chicken (US), broiler/fryer, whole birds, 2-1/2 to 3 pounds, USDA grade "A", ice-packed, Georgia Dock preliminary weighted average, wholesale. Meat, sheep (New Zealand), frozen whole carcasses Prime Medium (PM) wholesale, Smithfield, London beginning January 2006; previously Prime Light (PL). Oranges (Mediterranean exporters) navel, EEC indicative import price, c.i.f. Paris. Shrimp , (Mexico), west coast, frozen, white, No. 1, shell-on, headless, 26 to 30 count per pound, wholesale price at New York. Sugar (EU), European Union negotiated import price for raw unpackaged sugar from African, Caribbean and Pacific (ACP) under Lome Conventions, c.i.f. European ports. Sugar (US), nearby futures contract, c.i.f. Sugar (world), International Sugar Agreement (ISA) daily price, raw, f.o.b. and stowed at greater Caribbean ports. Logs (West Africa), sapele, high quality (loyal and marchand), 80 centimeter or more, f.o.b. Douala, Cameroon beginning January 1996; previously of unspecified dimension. Logs (Malaysia), meranti, Sarawak, sale price charged by importers, Tokyo beginning February 1993; previously average of Sabah and Sarawak weighted by Japanese import volumes. Plywood (Africa and Southeast Asia), Lauan, 3-ply, extra, 91 cm x 182 cm x 4 mm, wholesale price, spot Tokyo. Sawnwood (Cameroon), sapele, width 6 inches or more, length 6 feet or more, f.a.s. Cameroonian ports. Sawnwood (Malaysia), dark red seraya/meranti, select and better quality, average 7 to 8 inches; length average 12 to 14 inches; thickness 1 to 2 inch(es); kiln dry, c. & f. UK ports, with 5% agents commission including premium for products of certified sustainable forest beginning January 2005; previously excluding the premium. Woodpulp (Sweden), softwood, sulphate, bleached, air-dry weight, c.i.f. North Sea ports. Cotton (Cotton Outlook "CotlookA index"), middling 1-3/32 inch, traded in Far East, C/F beginning 2006; previously Northern Europe, c.i.f. Rubber (Asia), RSS3 grade, Singapore Commodity Exchange Ltd (SICOM) nearby contract beginning 2004; during 2000 to 2003, Singapore RSS1; previously Malaysia RSS1. Rubber (Asia), TSR 20, Technically Specified Rubber, SICOM nearby contract. DAP (diammonium phosphate), standard size, bulk, spot, f.o.b. US Gulf. Phosphate rock (Morocco), 70% BPL, contract, f.a.s. Casablanca. Potassium chloride (muriate of potash), standard grade, spot, f.o.b. Vancouver. TSP (triple superphosphate), bulk, spot, beginning October 2006, Tunisian origin, granular, fob; previously US origin, f.o.b. US Gulf. Urea, (Black Sea), bulk, spot, f.o.b. Black Sea (primarily Yuzhnyy) beginning July 1991; for 1985-91 (June) f.o.b. Eastern Europe. Aluminum (LME) London Metal Exchange, unalloyed primary ingots, high grade, minimum 99.7% purity, settlement price beginning 2005; previously cash price. Copper (LME), grade A, minimum 99.9935% purity, cathodes and wire bar shapes, settlement price. Iron ore (any origin) fines, spot price, c.f.r. China, 62% Fe beginning December 2008; previously 63.5%. Lead (LME), refined, 99.97% purity, settlement price. Nickel (LME), cathodes, minimum 99.8% purity, settlement price beginning 2005; previously cash price. Tin (LME), refined, 99.85% purity, settlement price. Zinc (LME), high grade, minimum 99.95% purity, settlement price beginning April 1990; previously special high grade, minimum 99.995%, cash prices . Gold (UK), 99.5% fine, London afternoon fixing, average of daily rates. Platinum (UK), 99.9% refined, London afternoon fixing. Silver (UK), 99.9% refined, London afternoon fixing; prior to July 1976 Handy & Harman. Grade prior to 1962 unrefined silver. -3-