January 2010 Commodity Price Data Development Prospects Group, The World Bank http://www.worldbank.org/prospects/ Email: gcm@worldbank.org COMMODITY PRICE DATA 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 2007 2008 2009 2008 2009 2009 2009 2009 2009 2009 2009 Energy Coal, Australia fil $/mt 65.73 127.10 71.75 92.97 71.93 66.48 71.31 77.29 71.07 78.80 82.00 Crude oil, average fil $/bbl 71.12 96.99 61.76 56.00 44.11 59.19 68.21 75.50 74.08 77.55 74.88 Crude oil, Brent fil $/bbl 72.70 97.64 61.86 55.89 44.98 59.13 68.37 74.97 73.19 77.04 74.67 Crude oil, Dubai fil $/bbl 68.37 93.78 61.75 53.67 44.56 58.93 68.07 75.46 73.28 77.63 75.49 Crude oil, West Texas Int. fil $/bbl 72.28 99.56 61.65 58.45 42.80 59.52 68.21 76.08 75.77 78.00 74.49 Natural gas Index fil 2000=100 186.5 267.9 153.4 266.2 198.2 142.9 123.3 149.3 142.8 141.4 163.8 Natural gas, Europe fil $/mmbtu 8.56 13.41 8.71 15.75 11.94 8.18 6.91 7.81 7.60 7.81 8.01 Natural gas, US fil $/mmbtu 6.98 8.86 3.95 6.40 4.57 3.70 3.17 4.36 4.02 3.70 5.35 Natural gas LNG, Japan fil $/mmbtu 7.68 12.53 8.93 14.62 10.90 7.60 7.91 9.30 9.10 9.30 9.50 Non Energy Agriculture Beverages Cocoa QL ¢/kg 195.2 257.7 288.9 224.1 259.4 257.9 296.4 342.0 336.0 338.5 351.4 Coffee, Arabica QL ¢/kg 272.4 308.2 317.1 267.8 283.9 320.2 322.7 341.7 340.8 335.6 348.7 Coffee, robusta QL ¢/kg 190.9 232.1 164.4 192.6 175.8 165.3 160.1 156.4 162.1 153.2 154.1 Tea, auctions (3) average QL ¢/kg 203.6 242.0 272.5 206.6 218.0 266.1 303.6 302.5 302.7 305.6 299.1 Tea, Colombo auctions QL ¢/kg 252.2 278.9 313.7 208.8 261.7 299.1 356.1 338.0 352.4 335.0 326.7 Tea, Kolkata auctions QL ¢/kg 192.1 225.5 252.0 220.2 177.4 271.3 273.0 286.2 294.4 291.2 273.0 Tea, Mombasa auctions QL ¢/kg 166.5 221.8 252.0 190.8 214.9 228.0 281.7 283.2 261.3 290.6 297.7 Food Fats and Oils Coconut oil QL $/mt 919 1,224 725 772 677 779 711 734 706 729 767 Copra $/mt 607 816 480 520 447 513 469 491 470 493 509 Groundnut oil QL $/mt 1,352 2,131 1,183 1,773 1,283 1,166 1,133 1,150 1,148 1,116 1,187 Palm oil QL $/mt 780 949 683 512 577 743 679 732 680 725 791 Palmkernel oil $/mt 888 1,130 694 609 577 763 700 737 728 726 758 Soybean meal QL $/mt 308 424 408 320 365 424 431 412 413 422 401 Soybean oil QL $/mt 881 1,258 849 830 755 863 856 920 897 931 933 Soybeans QL $/mt 384 523 437 377 394 461 454 439 427 440 451 Grains Barley QL $/mt 172.4 200.5 128.3 129.5 116.3 129.5 122.0 145.5 130.7 155.3 150.6 Maize QL $/mt 163.7 223.1 165.5 168.4 166.9 176.0 151.3 167.8 167.3 171.6 164.6 Rice, Thailand, 5% QL $/mt 326.4 650.2 555.0 564.4 586.3 552.4 539.0 542.3 493.0 542.8 591.0 Rice, Thailand, 25% $/mt 306.5 n.a. 458.1 449.9 469.4 458.7 441.4 462.8 412.8 460.3 515.3 Rice, Thailand, 35% $/mt 300.1 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Rice.Thai, A.1 $/mt 272.3 482.3 326.4 314.1 323.4 326.3 309.7 346.1 298.4 337.0 403.0 Sorghum $/mt 162.7 207.8 151.1 151.0 145.3 155.8 139.3 163.8 159.0 166.0 166.3 Wheat, Canada $/mt 300.4 454.6 300.5 322.1 321.9 325.6 271.2 283.2 274.1 288.4 287.2 Wheat, US, HRW QL $/mt 255.2 326.0 224.1 228.1 231.6 250.5 208.8 205.4 198.8 211.0 206.3 Wheat, US SRW $/mt 238.6 271.5 186.0 182.7 187.4 195.6 165.2 195.6 175.6 204.7 206.5 Other Food Bananas EU $/mt 1,037 1,188 1,145 944 1,142 1,288 1,118 1,031 1,080 1,027 986 Bananas US QL $/mt 676 844 847 847 891 858 826 812 810 834 794 Fishmeal $/mt 1,177 1,133 1,230 1,023 1,013 1,097 1,276 1,535 1,427 1,526 1,651 Meat, beef QL ¢/kg 260.3 313.8 263.6 268.0 245.2 262.8 273.2 273.5 264.8 275.6 280.0 Meat, chicken QL ¢/kg 156.7 169.6 171.7 174.7 173.5 174.1 173.9 165.1 166.1 164.6 164.7 Meat, sheep ¢/kg 412.0 458.5 427.6 410.0 378.5 428.7 453.3 450.1 445.8 457.0 447.5 Oranges QL $/mt 957 1,107 909 842 799 870 861 1,107 1,153 1,154 1,014 Shrimp, Mexico QL ¢/kg 1,010 1,069 945 1,014 976 970 970 864 937 863 794 Sugar EU QL ¢/kg 68.09 69.69 52.44 51.97 51.44 53.76 55.43 49.11 48.78 49.63 48.92 Sugar US QL ¢/kg 45.77 46.86 54.88 44.72 43.82 47.89 57.31 70.48 67.78 70.25 73.42 Sugar, world QL ¢/kg 22.22 28.21 39.91 26.28 28.85 33.89 46.98 49.93 49.91 49.07 50.81 Raw Materials Timber Logs, Cameroon $/cum 381.3 526.9 421.5 473.8 426.8 394.8 414.9 449.5 444.5 451.1 452.7 Logs, Malaysia QL $/cum 268.0 292.3 287.2 315.7 313.6 284.5 279.6 271.1 276.6 272.0 264.8 Plywood ¢/sheets 640.7 645.5 564.6 645.5 572.8 565.8 561.5 558.4 559.3 558.6 557.2 Sawnwood, Cameroon $/cum 759.8 958.3 748.9 770.8 689.2 721.2 779.0 806.3 790.0 821.0 807.7 Sawnwood, Malaysia QL $/cum 806.3 889.1 805.5 859.9 813.7 829.7 771.4 807.4 805.1 821.1 796.0 Woodpulp $/mt 767.0 820.2 616.2 711.0 565.1 550.0 627.7 721.8 693.5 722.0 750.0 Other Raw Materials Cotton A Index QL ¢/kg 139.5 157.4 138.3 126.9 120.8 132.4 141.9 158.0 147.3 157.7 169.1 Cotton Memphis ¢/kg 142.9 161.3 144.2 129.4 122.4 137.5 148.8 168.1 163.7 171.5 169.2 Rubber RSS1, US ¢/kg 248.0 284.1 214.6 202.8 165.8 187.0 221.0 284.7 264.8 279.3 310.0 Rubber RSS3, SGP QL ¢/kg 226.3 258.6 192.1 159.0 146.0 166.4 199.3 256.5 235.2 254.2 280.1 -1 - COMMODITY PRICE DA TA 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 Commodi~ Unit 2007 2008 2009 2008 2009 2009 2009 2009 2009 2009 2009 Fertilizers DAP llL $/mt 432.5 967.2 323.1 663.3 362.2 303.6 309.6 316.9 300.1 290.3 360.4 Phosphate rock llL $/mt 70.9 345.6 121.7 371.3 193.3 113.3 90.0 90.0 90.0 90.0 90.0 Potassium chloride llL $/mt 200.2 570.1 630.4 766.7 865.2 726.7 506.8 423.0 435.0 435.0 399.0 TSP llL $/mt 339.1 879.4 257.4 658.7 321.7 247.7 224.7 235.7 246.5 228.5 232.0 Urea llL $/mt 309.4 492.7 249.6 292.2 267.3 241.1 241.6 248.3 239.0 244.8 261.1 Metals and Minerals Aluminum llL $/mt 2,638 2,573 1,665 1,821 1,360 1,485 1,812 2,003 1,879 1,949 2,180 Copper llL $/mt 7,118 6,956 5,150 3,905 3,428 4,663 5,859 6,648 6,288 6,676 6,982 Gold $/toz 697 872 973 795 909 922 960 1,102 1,043 1,127 1,135 Iron ore llL ¢/dmtu 84.7 140.6 101.0 140.6 101.0 101.0 101.0 101.0 101.0 101.0 101.0 Lead llL ¢/kg 258.0 209.1 171.9 124.5 115.7 149.9 192.8 229.3 224.1 230.9 232.9 Nickel llL $/mt 37,230 21,111 14,655 10,843 10,471 12,920 17,700 17,528 18,525 16,991 17,066 Silver ¢/toz 1,341 1,500 1,469 1,020 1,265 1,376 1,477 1,760 1,726 1,788 1,764 Steel products index g_ 2000=100 182.0 289.3 227.1 310.4 274.5 215.5 210.8 207.5 210.4 206.8 205.2 Steel er coilsheet g_ $/mt 650 966 783 1,100 1,033 700 700 700 700 700 700 Steel hr coilsheet g_ $/mt 550 883 683 1,000 933 600 600 600 600 600 600 Steel rebar g_ $/mt 522 760 486 630 473 450 500 522 580 495 490 Steel wire rod g_ $/mt 533 1,010 970 1,200 1,200 1,007 857 816 850 825 773 Tin llL ¢/kg 1,454 1,851 1,357 1,310 1,103 1,351 1,459 1,517 1,501 1,494 1,555 Zinc llL ¢/kg 324.2 187.5 165.5 118.5 117.2 147.3 176.1 221.4 207.2 219.3 237.6 World Bank commodity price indices for low and middle income countries ( 2000 =100) Energy 244.8 342.0 214.3 212.9 166.3 204.5 230.3 256.0 249.9 261.5 256.5 Non Energy 224.7 272.0 213.1 206.3 189.9 207.8 219.8 235.1 228.3 235.3 241.7 Agriculture 180.3 229.5 197.7 178.6 181.9 197.1 199.5 212.4 206.6 213.2 217.3 Beverages 169.9 210.0 219.9 181.2 197.9 207.3 226.4 248.0 246.0 245.4 252.6 Food 184.7 247.4 205.0 185.7 190.4 209.8 206.4 213.5 207.8 215.3 217.4 Fats and Oils 209.0 277.3 216.2 182.4 191.4 227.9 220.9 224.5 217.0 225.6 231.0 Grains 189.0 281.7 214.9 218.6 221.3 225.3 202.3 210.8 201.0 214.3 217.0 Other Food 149.0 177.1 181.5 160.2 161.3 172.1 191.2 201.4 201.8 202.7 199.8 Raw Materials 174.9 195.7 168.7 160.0 153.1 161.1 168.9 191.7 183.7 191.8 199.4 Timber 136.8 150.5 138.9 149.4 143.1 141.8 133.6 137.3 137.6 139.2 135.1 Other Raw Materials 216.6 245.3 201.2 171.6 164.0 182.2 207.5 251.1 234.2 249.4 269.7 Fertilizers 240.1 566.7 293.0 492.2 376.6 300.6 252.1 242.8 242.7 242.2 243.5 Metals and Minerals 314.0 325.7 235.6 230.6 185.0 219.0 257.6 280.8 271.2 279.8 291.4 al Included in the energy index (2000=100) b/ Included in the non-energy index (2000=100) cl Steel not included in the non-energy index $=US dollar ¢=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 SGP = Singapore ( * ) Series changed Description of Price Series Coal (Australia), thermal, f.o.b. piers, Newcastle/Port Kembla, 6,300 kcal/kg (11,340 btunb), less than 0.8%, sulfur 13% ash beginning January 2002; previously 6,667 kcal/kg (12,000 btunb), less than 1.0% sulfur, 14% ash Crude oil, average spot price of Brent, Dubai and West Texas Intermediate, equally weighed Crude oil, U.K. Brent 38. API, f.o.b. U.K ports, spot price Crude oil, Dubai Fateh 32· API, f.o.b. Dubai, spot price Crude oil, West Texas Intermediate (WTI) 40· API, f.o.b. Midland Texas, spot price Natural Gas Index, composite index weighted by consumption volumes for Europe, US and Japan liquefied natural gas (LNG). Natural Gas (Europe), average import border price excluding UK beginning June 2000 ; previously including UK Natural Gas (U.S.), spot price at Henry Hub, Louisiana Natural gas LNG (Japan), import price, cit, 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 (Philippinesnndonesia), bulk, c.i.f. Rotterdam Copra (Philippines/Indonesia), bulk, c.i.f. N.W. Europe Groundnut oil (any origin), c.i.f. Rotterdam Palm oil (Malaysia), 5% bulk, c.i.f. N. W. Europe Palmkemel Oil (Malaysia), c.l.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 Nethertands Soybeans (US), c.i.f. Rotterdam -2 - Continued Barley (Canada), feed, Western No. 1, Winnipeg Commodity Exchange, spot, wholesale farmers' price Maize (US), no. 2, yellow, f.o.b. US Guff 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), 35% broken, WR, milled, indicative survey price, government standard, f.o.b. Bangkok Rice (Thailand), 100% broken, A.1 Super from 2006 onwards, broken kernel obtained from the milling of WR 15%, 20%, and 25%, government standard, f.o.b. Bangkok; prior to 2006, A 1 Special also refers to 100% broken rice similar to A 1 Super, but slightly lower in grade than A 1 Super. Sorghum (US), no. 2 milo yellow, f.o.b. Guff ports Wheat (Canadian), no. 1, Western Red Spring (CWRS), in store, St. Lawrence, export price Wheat (US), no. 1, hard red winter, ordinary protein, export price delivered at the US Guff 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, c.i.f. Hamburg Bananas (Central & South America), major brands, US import price, free on truck (f.o.t.) US Guff ports Fishmeal (any origin), 64-65%, c&f Bremen, estimates based on wholesale price, beginning 2004; previously c&f Hamburg 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, Smtthfield, London beginning January 2006; previously Prime Light (PL) Oranges (Medtterranean 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.l.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 (Wesi 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 Wood pulp (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. Cotton (US), Memphis/Eastern, middling 1-3/32 inch, Far East, C/F beginning October 2008; previously c.i.f. Northern Europe Rubber (any origin), Ribbed Smoked Sheet (RSS) no. 1, in bales, Rubber Traders Association (RTA), spot, New York Rubber (Asia), RSS3 grade, Singapore Commodity Exchange Ltd (SICOM) nearby contract beginning 2004; during 2000 to 2003, Singapore RSS1; previously Malaysia RSS1 OAP (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), up to September 2006 bulk, spot, f.o.b. US Gulf; from October 2006 onwards Tunisian, granular, f.o.b. 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 Gold (UK), 99.5% fine, London afternoon fixing, average of daily rates Iron ore (Brazil), Companhia Vale do Rio Doce (Vale, formerly CVRD) Carajas sinter feed, for years 2005-09, 67.50% Fe (iron) content (dry weight) ores, moisture 8.0%; for year 2004, 67.40% Fe; 2000-03, 67.55% Fe, moisture 7.6 - 8.0 %; contract price to Europe, f.o.b. Ponta da Madeira. Unit dry metric ton unit (dmtu) stands for mt 1 % Fe-unit. To convert price in cents/dmtu to $/dmt SSF (dry ore), multiply by percent Fe content. Lead (LME), refined, 99.97% purity, settlement price Nickel (LME), cathodes, minimum 99.8% purity. settlement price beginning 2005; previously cash price Silver (Handy & Harman), 99.9% grade refined, New York Steel products price index, 2000=100, (Japanese), composite price index for eight selected steel products based on quotations f.o.b. Japan excluding shipments to the US, including China after 2002, weighted by product shares of apparent combined consumption (volume of deliveries) at Germany, Japan and the United States. The eight products are as follow: rebar (concrete reinforcing bars), merch bar (merchant bars), wire rod, section (H-shape), plate (medium), hot rolled coil/sheet, cold rolled coiVsheet and galvanized iron sheet for building which replaces galvanized sheet for appliances. 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 Sources include: Africa Tea Brokers Ltd Weekly Market Report, Bloomberg, Canadian Grain Commission, Canadian Wheat Board, Cotton Outlook, Coal Week International, Fertilizer International, Fertilizer Week, FRuiTROP, INFOFISH, INTERFEL Fel Actualltes hebdo, International Cocoa Organization, International Coffee Organization, International Rubber Study Group, International Tea Committee, International Tropical Timber Organization, lntematonal Sugar Organization, ISTA Mielke GmbH Oil World, Japan Lumber Journal, Japan Metal Bulletin, Meat Trades Journal, MLA Meat & Livestock Weekly, Platts International Coal Report, Platts Metals Week, Singapore Commodity Exchange, Sopisco News, Sri Lanka Tea Board, Statistisches Bundesamt, US Department of Agriculture, US NOAA Fisheries Service, Vale and World Gas Intelligence. Development Prospects Group 1818 H Street, N.W., MSN MC 2-200 Development Economics Vice Presidency Washington, D.C. 20433 U.S.A. World Bank Tel. (202) 473 - 3862 January 6, 2010 Email GCM@worldbank.org -3-