July 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-Jun Apr-Jun Jul-Sep Oct-Dec Jan-Mar· Apr-Jun Apr May Jun Commodity Unit 2008 2009 2010 2009 2009 2009 2010 2010 2010 2010 2010 Energy Coal, Australia fil $/mt 127.10 71.84 97.34 66.48 71.31 77.66 95.19 99.49 100.15 100.13 98.19 Crude oil, average fil $/bbl 96.99 61.76 77.62 59.19 68.21 75.50 7i06 78.18 84.18 75.62 74.73 Crude oil, Brent fil $/bbl 97.64 61.86 77.67 59.13 · 68.37 74.97 76.65 78.69 84:98 76.25 74.84 Crude oil, Dubai fil $/bbl 93.78 61.75 76.92 58.93 68.07 75.46 75.86 77.98 83.09 76.87 73.98 Crude oil, West Texas Int. fil $/bbl 99.56 61.65 78.26 59.52 68.21 76.08 78.67 77.85 84.48 73.73 75.35 Natural gas.Index fil 2000=100 267.9 153.5 159.0 142.9 123.3 149.4 170.3 - 147.7 143.8 143.1 156.2 Natural gas, Europe { • ) fil $/mmbtu 13.41 8.71 8.18 8.18 6.91 7.81 8.84 7.51 7.52 7.27 7.74 Natural gas, US fil $/mmbtu 8.86 3.95 4.73 3.70 3.17 4.36 5.15 4.32 4.01 4.16 4.79 Natural gas LNG, Japan fil $/mmbtu 12.53 8.94 10.70 7.60 7.91 9.33 10.32 11.08 10.98 11.00 11.25 Non Energy Agriculture Beverages Cocoa !2l ¢/kg 257.7 288.9 325.4 257.9 296.4 341.8 329.7 321.0 322.1 317.8 323.1 Coffee, Arabica !2l ¢/kg 308.2 317.1 372.8 320.2 322.7 341.7 353.7 392.0 373.1 382.0 420.9 Coffee, robusta !2l ¢/kg 232.1 164.4 155.9 165.3 160.1 156.4 150.8 161.0 157.7 155.7 169.6 Tea, auctions (3) average !2l ¢/kg 242.0 272.4 276.8 266.1 303.6 301.9 279.0 274.5 277.4 279.9 266.3 Tea, Colombo auctions !2l ¢/kg 278.9 313.7 325.6 299.1 356.1 338.0 335.1 316.1 326.6 321.9 299.8 Tea, Kolkata auctions !2l ¢/kg 225.5 251.5 242.2 271.3 273.0 284.4 215.8 268.5 245.3 284.8 275.5 Tea, Mombasa auctions !2l ¢/kg 221.8 252.0 262.5 228.0 281.7 283.2 286.1 238.9 260.3 233.0 223.5 Food Fats and Oils Coconut oil Qf $/mt 1,224 725 895 779 711 734 834 955 939 932 993 Copra $/mt 816 480 595 513 469 491 557 634 628 624 651 Groundnut oil !2l $/mt 2,131 1,184 1,355 1,166 1,133 1,152 1,359 1,352 1,361 1,353 1,342 Palm oil !2l $/mt 949 683 810 743 679 732 808 813 830 811 798 Palmkernel oil $/mt 1,130 700 978 763 700 761 922 1,034 1,020 1,030 1,051 Soybean meal !2l $/mt 424 408 356 424 431 412 369 342 340 348 338 Soybean oil !2l $/mt 1,258 849 897 863 856 921 917 876 903 865 859 Soybeans !2l $/mt 523 437 413 461 454 439 417 408 411 407 407 Grains Barley !2l $/mt 200.5 128.3 145.3 129.5 122.0 145.5 143.6 146.9 151.7 143.0 145.9 Maize !2l $/mt 223.1 165.5 160.2 176.0 151.3 167.8 162.7 157.7 157.1 163.4 152.7 Rice, Thailand, 5% !2l $/mt 650.2 555.0 493.9 552.4 539.0 542.3 535.3 452.4 466.0 451.3 440.0 Rice, Thailand, 25% $/mt n.a. 458.1 438.0 458.7 441.4 462.8 477.0 399.1 408.7 396.7 392.0 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 482.3 326.4 367.3 326.3 309.7 346.1 400.7 333.8 343.0 329.0 329.5 Sorghum $/mt 207.8 151.1 149.7 155.8 139.3 163.8 156.9 142.6 149.4 147.3 131.0 Wheat, Canada $/mt 454.6 300.5 270.0 325.6 271.2 283.4 279.0 260.9 264.7 256.7 261.3 Wheat, US, HRW Q[$/mt 326.0 224.1 186.4 250.5 208.8 205.4 195.4 177.4 192.9 181.6 157.7 Wheat, US SRW $/mt 271.5 186.0 190.2 195.6 165.2 195.6 193.5 186.9 187.8 190.3 182.6 Other Food Bananas EU $/mt 1,188 1,145, 1,021 1,288 1,118 1,032 1,014 1,029 1,051 999 1,037 Bananas US Qf $/mt 844 847 822 858 826 813 781 862 825 799 962 Fishmeal $/mt 1,133 1,230 1,737 1,097 1,276 1,535 1,660 1,814 1,873 1,821 1,747 Meat, beef !2l ¢/kg 313.8 263.6 328.3 262.8 273.2 273.5 314.2 342.4 359.6 347.8 319.7 Meat, chicken !2l ¢/kg 169.6 171.7 170.1 174.1 173.9 165.1 167.2 173.0 170.9 173.3 174.7 Meat, sheep ¢/kg 458.5 427.6 467.2 428.7 453.3 450.1 447.6 486.8 456.1 484.3 520.1 Oranges !2l $/mt 1,107 909 1,045 870 861 1,107 1,009 1,082 995 1,055 1,197 Shrimp, Mexico !2l ¢/kg 1,069 945 874 970 970 864 827 945 865 1,025 n.a. Sugar EU !2l ¢/kg 69.69 52.44 44.52 53.76 55.43 49.11 46.38 42.66 44.98 42.10 40.91 Sugar US !2l ¢/kg 46.86 54.88 76.96 47.89 57.31 70.48 84.31 69.62 68.38 68.11 72.37 Sugar, world !2l ¢/kg 28.21 40.00 43.38 33.89 46.98 50.29 51.82 34.93 36.27 33.51 35.01 Raw Materials Timber Logs, Cameroon $/cum 526.9 421.5 419.7 394.8 414.9 449.5 431.4 408.0 429.6 403.5 390.8 Logs, Malaysia !2l $/cum 292.3 287.2 253.6 284.5 279.6 271.1 253.6 253.5 246.0 253.7 260.8 Plywood ¢/sheets 645.5 564.6 561.8 565.8 561.5 558.4 557.2 566.3 564.7 566.8 567.5 Sawnwood, Cameroon $/cum 958.3 748.9 795.6 721.2 779.0 806.3 804.1 787.1 818.1 772.9 770.4 Sawnwood, Malaysia !2l $/cum 889.1 805.5 810.2 829.7 771.4 807.4 787.8 832.6 820.2 836.5 841.1 Woodpulp $/mt 820.2 614.6 831.2 550.0 627.7 715.6 780.9 881.5 850.5 879.1 915.0 Other Raw Materials Cotton A Index !2l ¢/kg 157.4 138.2 188.2 132.4 141.9 157.7 178.8 197.5 194.2 198.6 199.9 Cotton Memphis ¢/kg 161.3 145.3 191.9 137.5 148.8 172.4 183.6 200.1 198.5 199.1 202.7 Rubber RSS1, US ¢/kg 284.1 214.6 363.3 187.0 221.0 284.7 345.2 381.5 398.8 374.6 371.0 Rubber RSS3, SGP !2l ¢/kg 258.6 192.1 345.7 166.4 199.3 256.5 318.6 372.7 394.8 366.8 356.6 -1 - COMMODITY PRICE DATA Annual averages Quarterly. averages Monthly averages Jan-Dec Jan-Dec Jan-Jun Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Apr May Jun Commodi~ Unit 2008 2009 2010 2009 2009 2009 2010 2010 2010 2010 2010 Fertilizers OAP Ql $/mt 967.2 323.1 461.5 303.6 309.6 316.9 464.8 458.2 466.0 460.6 448.0 Phosphate rock Ql $/mt 345.6 121.7 113.5 113.3 90.0 90.0 102.1 125.0 125.0 125.0 125.0 Potassium chloride Ql $/mt 570.1 630.4 325.0 726.7 506.8 423.0 334.0 316.1 314.4 315.0 319.0 TSP QL $/mt 879.4 257.4 337.1 247.7 224.7 235.7 316.9 357.4 372.5 352.8 346.8 Urea Ql $/mt 492.7 249.6 259.1 241.1 241.6 248.3 281.0 237.2 252.7 229.6 229.3 Metals and Minerals Aluminum QL $/mt 2,573 1,665 2,130 1,485 1,812 2,003 2,163 2,096 2,317 2,041 1,931. Copper QL $/mt 6,956 5,150 7,130 4,663" 5,859 6,648 7,232 7,027 7,745 6,838 6,499 Gold $/toz 872 973 1,152 922 960 1,102 1,109 1,196 1,149 1,205 1,233 Iron ore Q£ ¢/dmtu 140.6 101.0 134.0 101.0 101.0 101.0 101.0 167.0 167.0 167.0 167.0 Lead Q£ ¢/kg 209.1 171.9 208.6 149.9 192.8 229.3 222.1 195.0 226.5 188.3 170.4 Nickel Ql $/mt 21,111 14,655 21,217 12,920 17,700 17,528 19,959 22,476 26,031 22,008 19,389 Silver ¢/toz 1,500 1,469 1,765 1,376 1,477 1,760 1,693 1,838 1,817 1,842 1,853 Steel products index gf_2000= 1 00 289.3 227.1 226.3 215.5 210.8 207.4 211.5 241.1 234.1 247.3 242.1 Steel er coilsheet gf_$/mt 966 783 781 700 700 700 725 838 813 850 850 Steel hr coilsheet gf_$/mt 883 683 681 600 600 600 625 738 713 750 750 Steel rebar gf_$/mt 760 486 583 450 500 522 546 621 615 630 618 Steel wire rod gf_$/mt 1,010 969 759 1,007 857 814 751 767 765 780 755 Tin Ql ¢/kg 1,851 1,357 1,753 1,351 1,459 1,517 1,721 1,786 1,868 1,757 1,732 Zinc Ql ¢/kg 187.5 165.5 215.7 147.3 176.1 221.4 228.9 202.6 236.7 196.8 174.3 World Bank commodity price Indices for low and middle income countries ( 2000 =100) Energy 342.0 214.3 266.9 204.5 230.3 256.1 266.1 267.8 285.5 259.7 258.1 Non Energy 272.0 213.2 249.7 207.8 219.8 235.2 244.2 255.2 265.1 252.4 248.1 Agriculture 229.5 197.8 215.9 197.1 199.5 212.6 216.6 215.3 217.8 214.1 213.9 Beverages 210.0 219.9 244.6 207.3 226.4 247.9 242.5 246.8 243.6 243.5 253.2 Food 247.4 205.1 207.0 209.8 206.4 213.7 213.1 201.0 203.4 200.4 199.1 Fats and Oils 277.3 216.2 222.2 227.9 220.9 224.5 224.7 219.7 222.4 219.6 217.1 Grains 281.7 214.9 195.8 225.3 202.3 210.8 205.1 186.6 192.0 189.8 178.0 Other Food 177.1 181.6 197.2 172.1 191.2 202.0 205.1 189.4 188.9 184.7 194.5 Raw Materials 195.7 168.7 ·222.9 161.1 168.9 192.0 211.9 233.9 239.7 232.3 229.8 Timber 150:5 138.9 135.6 141.8 133.6 137.3 132.7 138.6 136.1 139.1 140.5 Other Raw Materials 245.3 201.4 318.4 182.2 207.5 251.8 298.6 338.3 353.1 334.3 327.4 Fertilizers 566.7 293.0 256.2 300.6 252.1 242.8 259.0 253.3 261.8 249.3 248.9 Metals and Minerals d/ 325.7 235.6 318.2 219.0 257.6 280.8 299.0 337.3 362.4 331.3 318.2 Base Metals ( NEW ) e/ 287.9 208.9 283.9 188.5 236.0 264.6 287.0 280.9 311.9 273.5 257.3 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 di 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 2010 D![l!!,rl~tlQn of Pr Ii; e Series Coal (Australia), thermal, f.o.b. piers, Newcastle/Port Kembla, 6,300 kcal/kg (11,340 btunb), less than 0.6%, 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 3a· 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, 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, 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 arid 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.t. Rotterdam Copra (Philippinesnndonesia), bulk, c.i.t. 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.t. Rotterdam beginning 1990; previously US 44% Soybean oil (Any origin), crude, f.o.b. ex-mlll 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 (v\'R ), 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, 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 (CWRS), 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.i.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 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.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.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 quallty, average 7 to 8 inches; length average 12 to 14 inches; thickness 1 to 2 lnch(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"), middli'ng 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 2005-10, 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 coil/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, minimum 99.995%, cash prices Sources include: Africa Tea Brokers Ltd Weekly Market Report, Bloomberg, Canadian Grain Commission, Canadian YVheat Board, Cotton Outlook. Coal Week International, Fertilizer International, Fertilizer Week, FRulTROP, 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 GrnbH 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) 4 73 • 3862 July 5, 2010 Email GCM@worldbank.org -3-