June 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-May Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Mar Apr May Commodity Unit 2008 2009 2010 2009 2009 2009 2009 2010 2010 2010 2010 Energy Coal, Australia w_ $/mt 127.10 71.84 97.17 71.93 66.48 71.31 77.66 95.19 94.38 100.15 100.13 Crude oil, average fM. $/bbl 96.99 61.76 78.20 44.11 59.19 68.21 75.50 77.06 79.30 84.18 75.62 Crude oil, Brent fil $/bbl 97.64 61.86 78.24 44.98 59.13 68.37 74.97 76.65 79.27 84.98 76.25 Crude oil, Dubai fil $/bbl 93.78 61.75 77.51 44.56 58.93 68.07 75.46 75.86 77.37 83.09 76.87 Crude oil, West Texas Int. fil $/bbl 99.56 61.65 78.85 42.80 59.52 68.21 76.08 78.67 81.25 84.48 73.73 Natural gas Index fil 2000=100 267.9 153.5 160.2 198.2 142.9 123.3 149.4 170.3 160.9 143.5 146.8 Natural gas, Europe ( • ) w_ $/mmbtu 13.41 8.71 8.34 11.94 8.18 6.91 7.81 8.84 8.93 7.52 7.63 Natural gas, US w_ $/mmbtu 8.86 3.95 4.72 4.57 3.70 3.17 4.36 5.15 4.29 4.01 4.16 Natural gas LNG, Japan DI. $/mmbtu 12.53 8.94 10.55 10.90 7.60 7.91 9.33 10.32 10.42 10.80 11.00 Non Energy Agriculture Beverages Cocoa !U ¢/kg 257.7 288.9 325.8 259.4 257.9 296.4 341.8 329.7 307.7 321.3 318.6 Coffee, Arabica !U ¢/kg 308.2 317.1 363.3 283.9 320.2 322.7 341.7 353.7 362.7 373.1 382.3 Coffee, robusta !U ¢/kg 232.1 164.4 153.2 175.8 165.3 160.1 156.4 150.8 148.3 157.7 155.9 Tea, auctions (3) average !U ¢/kg 242.0 272.4 279.5 218.0 266.1 303.6 301.9 279.0 262.1 277.4 282.9 Tea, Colombo auctions !U ¢/kg 278.9 313.7 330.8 261.7 299.1 356.1 338.0 335.1 332.2 326.6 321.9 Tea, Kolkata auctions !U ¢/kg 225.5 251.5 235.5 177.4 271.3 273.0 284.4 215.8 174.2 245.3 284.7 Tea, Mombasa auctions !U ¢/kg 221.8 252.0 272.1 214.9 228.0 281.7 283.2 286.1 280.0 260.3 242.0 Food Fats and Oils Coconut oil Q[ $/mt 1,224 725 875 677 779 711 734 834 921 939 931 Copra $/mt 816 480 586 447 513 469 491 557 608 628 630 Groundnut oil Q[ $/mt 2,131 1,184 1,358 1,283 1,166 1,133 1.152 1,359 1,380 1,361 1,354 Palm oil Ql $/mt 949 683 813 577 743 679 732 808 832 830 813 Palmkemel oil $/mt 1,130 700 964 577 763 700 761 922 995 1,020 1,034 Soybean meal Ql $/mt 424 408 359 365 424 431 412 369 329 340 · 349 Soybean oil Q[ $/mt 1,258 849 904 755 863 856 921 917 915 903 864 Soybeans Ql $/mt 523 437 413 394 461 454 439 417 408 411 406 Grains Barley Q[ $/mt 200.5 128.3 145.1 116.3 129.5 122.0 145.5 143.6 147.0 151.7 143.0 Maize Q[$/mt 223.1 165.5 161.7 166.9 176.0 151.3 167.8 162.7 159.0 157.1 163.4 Rice, Thailand, 5% Q[$/mt 650.2 555.0 505.7 586.3 552.4 539.0 542.3 535.3 502.2 466.0 456.3 Rice, Thailand, 25% $/mt n.a. 458.1 447.4 469.4 458.7 441.4 462.8 477.0 445.6 408.7 397.3 Rice, Thailand, 35% $/mt n.a. 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 482.3 326.4 375.2 323.4 326.3 309.7 346.1 400.7 377.0 343.0 331.0 Sorghum $/mt 207.8 151.1 153.5 145.3 155.8 139.3 163.8 156.9 154.7 149.4 147.3 1/Vheat, Canada $/mt 454.6 300.5 271.7 321.9 325.6 271.2 283.4 279.0 270.7 264.7 256.7 1/Vheat, US, HRW Q[ $/mt 326.0 224.1 192.1 231.6 250.5 208.8 205.4 195.4 191.1 192.9 181.6 1/Vheat, US SRW $/mt 271.5 186.0 191.7 187.4 195.6 165.2 195.6 193.5 190.0 187.8 190.3 Other Food Bananas EU $/mt 1,188 1,145 1,022 1,142 1,288 ·1, 118 1,032 1,020 1,144 1,051 999 Bananas US Q[ $/mt 844 847 793 891 858 826 813 781 838 825 799 Fishmeal $/mt 1,133 1,230 1,733 1,013 1,097 1,276 1,535 1,660 1,672 1,873 1,811 Meat, beef !U ¢/kg 313.8 263.6 330.0 245.2 262.8 273.2 273.5 314.2 334.9 359.6 347.8 Meat, chicken !U ¢/kg 169.6 171.7 169.2 173.5 174.1 173.9 165.1 167.2 168.3 170.9 173.3 Meat, sheep ¢/kg 458.5 427.6 450.1 378.5 428.7 453.3 450.1 447.6 442.7 456.1 451.3 Oranges Q[$/mt 1,107 909 1,014 799 870 861 1,107 1,009 955 ·995 1,049 Shrimp, Mexico !U ¢/kg 1,069 945 874 976 970 970 864 827 838 865 1,025 Sugar EU !U ¢/kg 69.69 52.44 45.24 51.44 53.76 55.43 49.11 46.38 45.47 44.98 42.10 Sugar US !U ¢/kg 46.86 54.88 77.88 43.82 47.89 57.31 70.48 84.31 77.41 68.38 68.11 Sugar, world !U ¢/kg 28.21 40.00 45.05 28.85 33.89 46.98 50.29 51.82 41.14 36.27 33.51 Raw Materials Timber Logs, Cameroon $/cum 526.9 421.5 425.5 426.8 394.8 414.9 449.5 431.4 427.6 429.6 403.5 Logs, Malaysia Q[ $/cum 292.3 287.2 252.1 313.6 284.5 279.6 271.1 253.6 249.8 246.0 253.7 Plywood ¢/sheets 645.5 564.6 560.6 572.8 565.8 561.5 558.4 557.2 557.2 564.7 566.8 Sawnwood, Cameroon $/cum 958.3 748.9 800.7 689.2 721.2 779.0 806.3 804.1 803.3 818.1 772.9 Sawnwood, Malaysia Q[ $/cum 889.1 805.5 804.0 813.7 829.7 771.4. 807.4 787.8 790.1 820.2 836.5 Woodpulp $/mt 820.2 614.6 817.3 565.1 550.0 627.7 715.6 780.9 813.7 850.5 893.0 Other Raw Materials Cotton A Index !U ¢/kg 157.4 138.2 185.8 120.8 132.4 141.9 157.7 178.8 189.2 194.2 198.6 Cotton Memphis ¢/kg 161.3 145.3 189.7 122.4 137.5 148.8 172.4 183.6 191.8 198.5 199.1 Rubber RSS1, US ¢/kg 284.1 214.6 361.8 165.8 187.0 221.0 284.7 345.2 357.1 398.8 374.6 Rubber RSS3, SGP !U ¢/kg 258.6 192.1 343.7 146.0 166.4 199.3 256.5 318.6 333.9 394.8 368.0 -1 - COMMODITY PRICE DATA Annual averages Quarterly averages Monthly averages Jan-Dec Jan-Dec Jan-May Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Mar Apr May Commodi~ Unit 2008 2009 2010 2009 2009 2009 2009 2010 2010 2010 2010 Fertilizers DAP .Ill $/mt 967.2 323.1 464.2 362.2 303.6 309.6 316.9 464.8 476.3 466.0 460.6 Phosphate rock .!l[$/mt 345.6 121.7 111.3 193.3 113.3 90.0 90.0 102.1 105.0 125.0 125.0 Potassium chloride .!l[$/mt 570.1 630.4 326.3 865.2 726.7 506.8 423.0 334.0 312.5 314.4 315.0 TSP .Ill $/mt 879.4 257.4 335.4 321.7 247.7 224.7 235.7 316.9 354.4 372.5 353.8 Urea .!l[$/mt 492.7 249.6 265.1 267.3 241.1 241.6 248.3 281.0 278.8 252.7 229.6 Metals and Minerals Aluminum .Ill $/mt 2,573 1,665 2,169 1,360 1,485 1,812 2,003 2,163 2,206 2,317 2,041 Copper .Ill $/mt 6,956 5,150 7,256 3,428 4,663 5,859 6,648 7,232 7,463 7,745 6,838 Gold $/!oz 872 973 1,136 909 922 960 1,102 1,109 1,113 1,149 1,205 Iron ore .Ill ¢/dmtu 140.6 101.0 127.4 101.0 101.0 101.0 101.0 101.0 101.0 167.0 167.0 Lead .Ill ¢/kg 209.1 171.9 216.2 115.7 149.9 192.8 229.3 222.1 217.2 226.5 188.3 Nickel .!l[$/mt 21,111 14,655 21,583 10,471 12,920 17,700 17,528 19,959 22,461 26,031 22,008 Silver ¢/!oz 1,500 1,469 1,747 1,265 1,376 1,477 1,760 1,693 1,715 1,817 1,842 Steel products index r,!_ 2000=100 289.3 227.1 223.2 274.5 215.5 210.8 207.4 211.5 220.2 234.1 247.3 Steel er coilsheet rl. $/mt 966 783 768 1,033 700 700 700 725 775 813 850 Steel hr coilsheet rl. $/mt 883 683 668 933 600 600 600 625 675 713 750 Steel rebar rl. $/mt 760 486 577 473 450 500 522 546 578 615 630 Steel wire rod rl. $/mt 1,010 969 760 1,200 1,007 857 814 751 753 765 780 Tin .Ill ¢/kg 1,851 1,357 1,758 1,103 1,351 1;459 1,517 1,721 1,755 1,868 1,757 Zinc .Ill ¢/kg 187.5 165.5 224.0 117.2 147.3 176.1 221.4 228.9 227.5 236.7 196.8 World Bank commodity price indices for low and middle income countries ( 2000 •100) Energy 342.0 214.3 268.8 166.3 204.5 230.3 256.1 266.1 271.6 285.4 260.1 Non Energy 272.0 213.2 250.0 189.9 207.8 219.8 235.2 244.2 243.8 265.1 252.6 Agriculture 229.5 197.8 216.4 181.9 197.1 199.5 212.6 216.6 212.1 217.8 214.4 Beverages 210.0 219.9 243.0 197.9 207.3 226.4 247.9 242.5 233.3 243.3 244.2 Food 247.4 205.1 208.7 190.4 209.8 206.4 213.7 213.1 205.5 203.4 200.6 Fats and Oils 277.3 216.2 223.3 191.4 227.9 220.9 224.5 224.7 221.1 222.4 219.8 Grains 281.7 214.9 199.5 221.3 225.3 202.3 210.8 205.1 197.6 192.0 190.5 Other Food 177.1 181.6 197.8 161.3 172.1 191.2 202.0 205.1 192.3 188.9 184.5 Raw Materials 195.7 168.7 221.7 153.1 161.1 168.9 192.0 211.9 217.2 239.9 232.9 Timber 150.5 138.9 134.7 143.1 141.8 133.6 137.3 132.7 132.6 136.1 139.1 Other Raw Materials 245.3 201.4 316.9 164.0 182.2 207.5 251.8 298.6 309.8 353.4 335.4 Fertilizers 566.7 293.0 257.6 376.6 300.6 252.1 242.8 259.0 261.5 261.8 249.5 Metals and Minerals d/ 325.7 235.6 318.1 185.0 219.0 257.6 280.8 299.0 306.8 362.4 331.3 Base Metals ( NEW ) e/ 287.9 208.9 289.3 146.6 188.5 236.0 264.6 287.0 296.6 311.9 273.5 al Included in the energy index (2000=100) b/ Included in the non-energy index (2000=100) c/ Steel not included in the non-energy index d/ base metals plus iron ore e/ Includes aluminum, copper, lead, nickel, tin and zinc $=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 starting April 201 O De11.rl~tlon 2f Price S !l r I es Coal (Australia), thermal, f.o.b. piers, NewcasUe/P ort Kembla, 6,300 kcal/kg (11,340 btu/lb), 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 We st Texas Intermed iate, 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, We st Texas Intermediate (WT I) 40· API, f.o.b. Midland Texas, spot prtce Natural Gas Index, composite index weighted by con sumption volumes for Europe , US and Japan liquefied natural gas (LNG). (i Natural Gas (Europe), average import bord er 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, cit, rece nt two months' averages are estimates. Cocoa (ICCO), International Coco a 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 Ara bicas, average New York and Bremen/H amburg markets, ex-dock Coffee (ICO), International Coffee Organization indicator price, Robustas, average New York and Le Havre/M arseilles markets, ex-dock Tea , average three auctions, artlh·metic average of quotations at Kolkata, Colombo and Mombasa/N airobi. Tea (Colombo auctions), Srt Lankan origin, all tea, arithme tic average of weekly quotes. Tea (Kolkata auctions), leaf, include excise duty, arithme tic averag e of weekly quotes. Tea (Mombasa/N airobi auctions). Afri can origin, all tea, arithmetic averag e of weekly quotes. Coconut oil (Philippines/Indonesia), bulk, c.i.f. Rotterdam Copra (Philippines/Indonesia), bulk, c.i.f. N.W. Europ e Groundnut oil (any origin), c.i.f. Rotterdam Palm oil (Malaysia), 5% bulk, c.l.f. N. W. Europe ) Palmkemel Oil (Malaysia), c.l.f. Rotterdam Soybean meal (any origin), Argentine 45/46% extra ction, c.i.t. Rotterdam beginning 1990 ; previously US 44% Soybean oil (Any origin). crude, f.o.b. ex-mill Netherlands 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 Gulf ports Rice (Thailand), 5% broken, white rice (\11/R), milled, lndlcatlve price based on weekly surveys of export transactions, government standard, f.o.b. Bangkok Rice (Thailand), 25% broken, \IVR, milled lndlcatlve survey price, government standard, f.o.b. Bangkok Rice (Thailand), 35% broken, \IVR, milled, indlcatlve 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, A 1 Special, a slightly lower grade than A 1 Super. Sorghum (US), no. 2 milo yellow, f.o.b. Gulf ports Wheat (Canadian), no. 1, Western Red Spring (C\IVRS), In store, St. Lawrence, export price 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, c.l.f. Hamburg Bananas (Central & South America), major brands, US import price, free on truck (f.o.t.) US Gulf 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 oow forequarters, frozen boneless, 85% chemical lean, c.l.f. U.S. port (East Coast), ex-dock, beginning November 2002; previously cow forequarters Meat, chicken (US), broiler/fiyer, 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, Smlthfteld, London beginning January 2006; previously Prime Light (PL) Oranges (Mediterranean exporters) navel, EEC indicative import price, c.l.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.l.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.l.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 flXing, average of dally rates Iron ore (Brazil), Companhia Vale do Rio Doce (Vale, forrrteriy CVRD) Carajas sinter feed, for years 2005-10, 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 coll/sheet 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, mlnlmum 99.995%, cash prices Sources include: Africa Tea Brokers Ltd Weekly Market Report, Bloomberg, Canadian Grain Commission, Canadian Wheat Board, Cotton Ou1Iook, Coal Week International, Fertilizer International, Fertilizer Week, FRuiTROP. INFOFISH, INTERFEL Fel ActualH6s 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 June 2, 2010 Email GCM@worldbenk.org -3-