December 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-Nov Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Sep Oct Nov Commodity Unit 2008 2009 2010 2009 2009 2010 2010 2010 2010 2010 2010 Energy Coal, Australia w_ $/mt 127.10 71.84 96.81 71.31 77.66 95.19 99.49 93.55 94.88 97.45 102.75 Crude oil, average fil $/bbl 96.99 61.76 78.04 68.21 75.50 77.06 78.18 75.51 76.12 81.72 84.53 Crude oil, Brent w. $/bbl 97.64 61.86 78.53 68.37 74.97 76.65 78.69 76.41 77.79 82.92 85.67 Crude oil, Dubai w. $/bbl 93.78 61.75 77.06 68.07 75.46 75.86 77.98 74.04 75.27 80.34 83.70 Crude oil, West Texas Int. w. $/bbl 99.56 61.65 78.54 68.21 76.08 78.67 77.85 76.08 75.29 81.90 84.24 Natural gas Index W. 2000= 100 267.9 153.5 155.9 123.3 149.4 170.3 147.5 155.1 150.4 144.7 151.6 Natural gas, Europe w_ $/mmbtu 13.41 8.71 8.25 6.91 7.81 8.84 7.51 8.26 8.28 8.29 8.59 Natural gas, US w_ $/mmbtu 8.86 3.95 4.40 3.17 4.36 5.15 4.32 4.28 3.90 3.43 3.73 Natural gas LNG, Japan fil $/mmbtu 12.53 8.94 10.87 7.91 9.33 10.32 10.95 11.22 11.03 11.00 11.15 Non Energy Agriculture Beverages Cocoa !2l ¢/kg 257.7 288.9 314.0 296.4 341.8 329.7 321.0 305.9 287.5 292.7 291.0 Coffee, Arabica !2l ¢/kg 308.2 317.1 421.5 322.7 341.7 353.7 392.0 468.5 491.0 479.8 514.7 Coffee, robusta !2l ¢/kg 232.1 164.4 170.5 160.1 156.4 150.8 161.0 183.2 179.2 188.0 202.9 Tea, auctions (3) average !2l ¢/kg 242.0 272.4 287.1 303.6 301.9 279.0 276.4 295.1 299.6 303.5 302.8 Tea, Colombo auctions Ql ¢/kg 278.9 313.7 326.9 356.1 338.0 335.1 316.2 322.1 334.9 337.2 338.4 Tea, Kolkata auctions Ql ¢/kg 225.5 251.5 279.5 273.0 284.4 215.8 274.0 320.6 318.2 324.7 318.3 Tea, Mombasa auctions Ql ¢/kg 221.8 252.0 254.9 281.7 283.2 286.1 238.9 242.7 245.8 248.5 251.8 Food Fats and Oils Coconut oil !2l $/mt 1,224 725 1,071 711 734 834 955 1,159 1,275 1,412 1,521 Copra $/mt 816 480 713 469 491 557 634 769 847 947 1,013 Groundnut oil !2l $/mt 2,131 1,184 1,372 1,133 1,152 1,359 1,352 1,301 1,270 1,331 1,728 Palm oil Ql $/mt 949 683 872 679 732 808 813 875 912 987 1,120 Palmkemel oil $/mt 1,130 700 1,128 700 760 922 1,034 1,161 1,260 1,412 1,645 Soybean meal Ql $/mt 424 408 373 431 412 369 342 378 396 409 . 430 Soybean oil !2l $/mt 1,258 849 976 856 921 917 876 984 1,042 1,157 1,250 Soybeans !2l $/mt 523 437 441 454 439 417 409 452 470 493 526 Grains Barley Ql $/mt 200.5 128.3 155.5 122.0 145.5 143.6 146.9 161.9 168.1 174.6 179.1 Maize Ql $/mt 223.1 165.5 180.1 151.3 167.8 162.7 157.7 181.7 205.9 235.8 238.2 Rice, Thailand, 5% !2l $/mt 650.2 555.0 485.0 539.0 542.3 535.3 452.4 457.0 476.5 486.0 514.5 Rice, Thailand, 25% $/mt n.a. 458.1 438.0 441.4 462.8 477.0 399.1 418.5 448.0 457.0 477.5 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 482.3 326.4 381.0 309.7 346.1 400.7 333.8 376.9 412.0 428.3 427.8 Sorghum $/mt 207.8 151.1 160.3 139.3 163.8 156.9 142.6 153.6 184.9 201.0 203.2 Wheat, Canada $/mt 454.6 300.5 303.6 271.2 283.4 279.0 260.9 326.1 365.0 365.6 376.2 Wheat, US, HRW Ql $/mt 326.0 224.1 216.0 208.8 205.4 195.4 177.4 237.9 271.7 270.2 274.1 Wheat, US SRW $/mt 271.5 186.0 222.5 165.2 195.6 193.5 186.9 253.4 276.3 267.5 278.5 Other Food Bananas EU $/mt 1,188 1,145 997 1,118 1,032 1,014 1,029 933 974 1,003 1,035 Bananas US !2l $/mt 844 847 865 826 813 781 862 922 880 916 908 Fishmeal $/mt 1,133 1,230 1,702 1,276 1,535 1,660 1,814 1,663 1,645 1,710 1,606 Meat, beef !2l ¢/kg 313.8 263.6 331.6 273.2 273.5 314.2 342.4 330.9 335.1 341.2 343.9 Meat, chicken !2l ¢/kg 169.6 171.7 172.1 173.9 165.1 167.2 173.0 176.0 175.9 173.9 171.3 Meat, sheep ¢/kg 458.5 427.6 493.8 453.3 450.1 447.6 486.8 508.0 533.4 550.3 553.6 Oranges !2l $/mt 1,107 909 1,069 861 1,107 1,009 1,084 1,163 1,047 1,086 907 Shrimp, Mexico Ql ¢/kg 1,069 945 n.a. 970 864 827 945 n.a. n.a. 1,179 1,240 Sugar EU Ql ¢/kg 69.69 52.44 44.27 55.43 49.11 46.38 42.66 43.29 43.90 45.41 44.55 Sugar US !2l ¢/kg 46.86 54.88 78.75 57.31 70.48 84.31 69.62 78.20 84.15 84.29 85.62 Sugar, world !2l ¢/kg 28.21 40.00 45.58 46.98 50.29 51.82 34.93 42.94 49.63 54.26 58.09 Raw Materials Timber Logs, Cameroon $/cum 526.9 421.5 427.8 414.9 449.5 431.4 408.0 426.3 432.0 458.9 450.2 Logs, Malaysia !2l $/cum 292.3 287.2 275.6 279.6 271.1 253.6 253.5 293.5 310.9 316.4 313.3 Plywood ¢/sheets 645.5 564.6 567.9 561.5 558.4 557.2 566.3 572.3 575.4 578.2 581.0 Sawnwood, Cameroon $/cum 958.3 748.9 810.9 779.0 806.3 804.1 787.1 811.8 827.1 867.4 843.8 Sawnwood, Malaysia Ql $/cum 889.1 805.5 843.8 771.4 807.4 787.8 832.6 879.8 876.0 880.2 901.5 Woodpulp $/mt 820.2 614.6 866.7 627.7 715.6 780.9 875.5 912.9 906.6 915.3 910.0 Other Raw Materials Cotton A Index !2l ¢/kg 157.4 138.2 215.4 141.9 157.7 178.8 199.3 205.2 230.9 279.0 341.0 Cotton Memphis ¢/kg 161.3 145.3 220.9 148.8 172.4 183.6 200.1 215.0 234.8 284.9 349.1 Rubber RSS 1, US ¢/kg 284.1 214.6 377.2 221.0 284.7 345.2 381.5 . 360.7 375.9 422.8 464.3 Rubber RSS3, SGP !2l ¢/kg 258.6 192.1 355.4 199.3 256.5 318.6 372.7 337.5 353.3 392.5 430.6 -1 - COMMODITY PRICE DATA Annual averages Quarterly averages Monthly averages Jan-Dec Jan-Dec Jan-Nov Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Sep Oct Nov Commodi!l Unit 2008 2009 2010 2009 2009 2010 2010 2010 2010 2010 2010 Fertilizers OAP Ql $/mt 967.2 323.1 492.2 309.6 316.9 464.8 458.2 494.1 525.0 575.0 588.0 Phosphate rock Ql $/mt 345.6 121.7 121.5 90.0 90.0 102.1 125.0 125.0 125.0 140.0 140.0 Potassium chloride Ql $/mt 570.1 630.4 329.9 506.8 423.0 334.0 316.1 334.2 337.5 335.0 340.6 TSP Ql $/mt 879.4 257.4 373.7 224.7 235.7 316.9 357.4 389.6 428.0 455.0 463.8 Urea Ql $/mt 492.7 249.6 280.7 241.6 248.3 281.0 237.2 279.2 315.0 329.4 366.4 Metals and Minerals Aluminum Ql $/mt 2,573 1,665 2,157 1,812 2,003 2;163 2,096 2,090 2,162 2,347 2,333 Copper Q[ $/mt 6,956 5,150 7,388 5,859 6,648 7,232 7,027 7,243 7,709 8,292 8,470 Gold $/toz 872 973 1,210 960 1,102 1,109 1,196 1,227 1,271 1,342 1,370 Iron ore Ql ¢/dmtu 140.6 101.0 159.9 101.0 101.0 101.0 152.0 212.0 212.0 182.0 182.0 Lead Ql ¢/kg 209.1 171.9 212.4 192.8 229.3 222.1 195.0 203.2 218.4 238.0 237.7 Nickel Ql $/mt 21,111 14,655 21,600 17,700 17,528 19,959 22,476 21,191 22,643 23,807 22,909 Silver ¢/toz 1,500 1,469 1,936 1,477 1,760 1,693 1,838 1,901 2,061 2,347 2,657 Steel products index r;,/_ 2000=100 289.3 227.1 229.4 210.8 207.4 211.5 241.1 232.4 235.0 234.8 233.5 Steel er coilsheet r;,/_ $/mt 966 783 813 700 700 725 838 850 850 850 850 Steel hr coilsheet r;,/_ $/mt 883 683 713 600 600 625 738 750 750 750 750 Steel rebar · r;,/_ $/mt 760 486 564 500 522 546 621 533 530 550 550 Steel wire rod r;,/_ $/mt 1,010 969 718 857 814 751 767 678 670 660 650 Tin Ql ¢/kg 1,851 1,357 1,988 1,459 1,517 1,721 1,786 2,055 2,270 2,634 2,552 Zinc Ql ¢/kg 187.5 165.5 215.0 176.1 221.4 228.9 202.6 201.3 215.1 237.2 229.2 World Bank commodity price indices for low and middle income countries ( 2000 =100) Energy 342.0 214.3 267.8 230.3 256.1 266.1 267.7 259.5 261.1 277.7 287.8 Non Energy 272.0 213.2 265.3 219.8 235.2 244.2 252.2 275.5 286.9 296.2 306.2 Agriculture 229.5 197.8 227.1 199.5 212.6 216.6 215.4 228.6 237.9 251.5 264.9 Beverages 210.0 219.9 251.6 226.4 247.9 242.5 246.9 259.2 255.9 257.3 264.6 Food 247.4 205.1 219.8 206.4 213.7 213.1 201.p 221.9 234.2 248.6 260.7 Fats and Oils 277.3 216.2 238.3 220.9 224.5 224.7 219.7 241.1 252.3 269.7 295.3 Grains 281.7 214.9 210.7 202.3 210.8 205.1 186.6 212.5 234.3 249.5 255.9 Other Food 177.1 181.6 203.6 191.2 202.0 205.1 189.4 205.3 210.5 220.2 219.6 Raw Materials 195.7 168.7 232.5 168.9 192.0 211.9 234.4 229.2 237.6 255.6 275.0 Timber 150.5 138.9 142.6 133.6 137.3 132.7 138.6 149.4 150.9 152.1 154.5 Other Raw Materials 245.3 201.4 330.8 207.5 251.8 298.6 339.1 316.5 332.5 368.8 406.8 Fertilizers 566.7 293.0 274.6 252.1 242.8 259.0 253.3 278.5 299.8 315.3 332.7 Metals and Minerals di 325.7 235.6 342.5 257.6 280.8 299.0 327.5 371.4 385.8 385.7. 387.8 Base Metals el 287.9 208.9 293.0 236.0 264.6 287.0 280.9 286.5 304.3 328.5 331.0 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 d/ base metals plus iron ore el 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 = De§HiRllQn Qf Pris;!! §2ri21 Coal (Australia), thennal, f.o.b. piers, Newcastle/Port 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 btu/lb), 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, 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 dally price, average of the first three positions on the tenninal markets of New York and London, nearest three future trading months. Coffee (ICO), International Coffee Organization Indicator price, other mild Arablcas, 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 duly, arithmetic average of weekly quotes. Tea (Mombasa/Nairobi auctions), African origin, all tea, arithmetic average of weekly quotes. Coconut on (Philippines/Indonesia), bulk, c.i.f. Rotterdam Copra (Philippines/Indonesia), bulk, c.l.f. N.W. Europe Groundnut oil (any origin), c.l.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.l.f. 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 (WR), milled, Indicative price based on weekly surveys of export transactions, government standard, f.o.b. Bangkok Rice (Thailand), 25% broken, WIR, 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, A1 Special, a slightly lower grade than A1 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 wh9lesale price, beginning 2004; previously c&f Hamburg Meat, beef (Australia/New Zealand), chucks and cow 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/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.1.f. European ports · Sugar (US), nearby Mures 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), merantl, 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 B inches; length average 12 to 14 inches; thickriess 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 fixing, average of daily rates Iron ore (Brazil), VALE (formerly CVRD) Carajas sinter feed, contract price, f.o.b. Ponta da Madeira. Unit dry metric ton unit (drntu) stands for mt 1% Fe-unit. Prior to year 201 O annual contract prices. 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 liars), 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 Wheat Board, Cotton Outlook, Coal Week International, Fertilizer International, Fertilizer Week, FRuiTROP, INFOFISH, INTERFEL Fel Actualites hebdo, International Cocoa Organization, International Coffee Organization, International Rubber Study Group, International Tea Committee, International Tropical Timber Organization, lntematonal Sugar Organization, ISTA Miell