Commodity Price Forecast Update
Released: January 15, 2013
Table 1: Commodity Prices and Price Forecast in Nominal US Dollars
Commodity
Unit
1980
1990
Actual
2000
2010
2011
2012
2013
2014
2015
2016
Forecast
2017
2018
2019
2020
2025
Energy
Coal, Australian
Crude oil, avg, spot
Natural gas, European
Natural gas, US
LNG, Japanese
$/mt
$/bbl
$/mmbtu
$/mmbtu
$/mmbtu
40.1
36.9
4.2
1.6
5.7
39.7
22.9
2.8
1.7
3.6
26.3
28.2
3.9
4.3
4.7
99.0
79.0
8.3
4.4
10.8
121.4
104.0
10.5
4.0
14.7
96.4
105.0
11.5
2.8
16.7
93.0
102.0
11.2
3.5
16.0
91.0
102.2
11.1
4.0
15.5
90.0
102.1
11.0
4.5
15.0
91.0
101.9
10.9
5.0
14.8
91.9
101.7
10.8
5.3
14.5
92.9
101.5
10.7
5.5
14.3
93.9
101.4
10.6
5.8
14.0
94.9
101.2
10.5
6.0
13.8
100.0
101.5
10.0
7.0
12.5
Non Energy Commodities
Agriculture
Beverages
Cocoa
Coffee, Arabica
Coffee, robusta
Tea, auctions (3) ave
¢/kg
¢/kg
¢/kg
¢/kg
260
347
324
166
127
197
118
206
91
192
91
188
313
432
174
288
298
598
241
292
239
411
227
290
235
380
205
285
232
370
190
288
230
360
185
291
229
359
183
295
228
358
182
298
227
357
180
301
226
356
179
305
225
355
177
308
220
350
170
325
Food
Fats and Oils
Coconut oil
Groundnut oil
Palm oil
Soybean meal
Soybean oil
Soybeans
$/mt
$/mt
$/mt
$/mt
$/mt
$/mt
674
859
584
262
598
296
337
964
290
200
447
247
450
714
310
189
338
212
1,124
1,404
901
378
1,005
450
1,730
1,988
1,125
398
1,299
541
1,111
2,436
999
524
1,226
591
950
2,150
930
520
1,200
570
940
1,950
910
460
1,100
540
930
1,900
900
410
1,050
520
927
1,895
889
407
1,045
519
924
1,890
879
404
1,040
518
921
1,885
869
401
1,035
517
918
1,880
859
398
1,030
516
915
1,875
849
395
1,025
515
900
1,850
800
380
1,000
510
Grains
Barley
Maize
Rice, Thai, 5%
Wheat, US, HRW
$/mt
$/mt
$/mt
$/mt
78
125
411
173
80
109
271
136
77
89
202
114
158
186
489
224
207
292
543
316
240
298
563
313
230
290
540
320
215
270
520
300
200
250
500
270
198
248
498
270
197
246
496
271
195
244
494
271
194
242
492
272
192
240
490
272
185
230
480
275
Other Food
Bananas US
Meat, beef
Meat, chicken
Oranges
Shrimp
Sugar, world
$/mt
¢/kg
¢/kg
$/mt
¢/kg
¢/kg
377
276
76
400
1,152
63.2
541
256
108
531
1,069
27.7
424
193
131
363
1,515
18.0
868
335
189
1,033
1,004
46.9
968
404
193
891
1,193
57.3
984
414
208
868
1,006
47.5
980
410
201
845
1,005
45.0
970
360
201
860
1,035
40.0
950
315
201
900
1,100
38.0
947
323
202
903
1,110
37.7
944
330
203
906
1,120
37.4
941
338
203
909
1,130
37.1
938
347
204
912
1,140
36.8
935
355
204
915
1,150
36.5
920
390
205
930
1,200
35.0
252
196
396
343
177
533
275
190
595
429
278
848
485
391
939
451
361
876
450
356
875
457
362
885
465
368
902
473
374
919
481
381
937
489
387
955
497
393
974
505
400
1,000
535
425
1,080
206
142
2,276
182
86
3,392
130
67
2,976
228
365
4,333
333
482
4,485
197
338
4,294
180
330
4,200
190
325
4,100
200
320
4,000
205
318
4,010
209
316
4,020
214
314
4,030
219
312
4,040
224
310
4,050
250
300
4,100
222
47
116
180
192
171
41
98
132
119
154
44
123
138
101
501
123
332
382
289
619
185
435
538
421
540
186
459
462
405
500
175
430
430
390
490
160
410
425
370
480
150
380
420
350
478
145
375
415
345
476
140
369
409
339
474
135
364
404
334
472
130
359
399
329
470
125
354
394
324
460
105
330
370
300
Agricultural Raw Materials
Timber
Logs, Cameroonian $/cum
Logs, Malaysian
$/cum
Sawnwood, Malaysian $/cum
Other Raw Materials
Cotton A Index
¢/kg
Rubber, Malaysian
¢/kg
Tobacco
$/mt
Fertilizers
DAP
Phosphate rock
Pottasium chloride
TSP
Urea
$/mt
$/mt
$/mt
$/mt
$/mt
Metals and Minerals
Aluminum
Copper
Iron ore
Lead
Nickel
Tin
Zinc
$/mt
$/mt
¢/dmtu
¢/kg
$/mt
¢/kg
¢/kg
1,775
2,182
28
91
6,519
1,677
76
1,639
2,661
33
81
8,864
609
151
1,549
1,813
29
45
8,638
544
113
2,173
7,535
146
215
21,809
2,041
216
2,401
8,828
168
240
22,910
2,605
219
2,023
7,962
128
206
17,548
2,113
195
2,200
7,800
130
210
18,000
2,200
210
2,400
7,400
132
215
18,200
2,250
220
2,500
7,000
135
220
18,500
2,300
230
2,537
6,980
136
221
18,948
2,346
232
2,575
6,960
138
222
19,407
2,392
234
2,614
6,939
139
223
19,877
2,440
236
2,653
6,919
141
224
20,358
2,488
238
2,693
6,899
142
225
20,851
2,538
240
2,900
6,800
150
230
23,500
2,800
250
Precious Metals
Gold
Silver
Platinum
$/toz
c/toz
$/toz
608
2,080
679
383
483
472
279
495
545
1,225
2,015
1,610
1,569
3,522
1,719
1,670
3,114
1,551
1,600
3,100
1,544
1,550
2,950
1,469
1,500
2,800
1,395
1,479
2,768
1,379
1,458
2,737
1,363
1,437
2,706
1,348
1,417
2,676
1,333
1,396
2,646
1,318
1,300
2,500
1,245
a/ iron ore unit for years 1980 to 2005 is cents/ dmtu, thereafter is $/dmt.
Source: World Bank, Development Prospects Group.
http://www.worldbank.org/prospects/commodities
Next update: April 2013
Commodity Price Forecast Update
Released: January 15, 2013
Table 2: Commodity Prices and Price Forecast in Real 2005 US Dollars
Commodity
Unit
1980
1990
Actual
2000
2010
2011
2012
2013
2014
2015
2016
Energy
Coal, Australian
Crude oil, avg, spot
Natural gas, European
Natural gas, US
LNG, Japanese
$/mt
$/bbl
$/mmbtu
$/mmbtu
$/mmbtu
52.7
48.4
5.5
2.1
7.5
41.0
23.7
2.9
1.8
3.8
29.4
31.6
4.3
4.8
5.3
87.6
70.0
7.3
3.9
9.6
98.7
84.6
8.5
3.3
11.9
79.9
87.1
9.5
2.3
13.8
75.7
83.0
9.1
2.8
13.0
72.5
81.4
8.8
3.2
12.3
70.4
79.8
8.6
3.5
11.7
69.8
78.3
8.4
3.8
11.3
Non Energy Commodities
Agriculture
Beverages
Cocoa
Coffee, Arabica
Coffee, robusta
Tea, auctions (3) ave
¢/kg
¢/kg
¢/kg
¢/kg
342
455
426
218
131
204
122
213
101
215
102
210
277
383
154
255
242
486
196
237
198
341
188
240
191
309
167
232
185
295
151
230
180
281
145
228
Food
Fats and Oils
Coconut oil
Groundnut oil
Palm oil
Soybean meal
Soybean oil
Soybeans
$/mt
$/mt
$/mt
$/mt
$/mt
$/mt
884
1,127
766
344
784
389
348
997
300
207
463
255
504
799
347
212
378
237
995
1,243
798
335
890
398
1,406
1,616
915
324
1,056
440
921
2,019
828
434
1,017
490
773
1,750
757
423
977
464
749
1,554
725
367
876
430
Grains
Barley
Maize
Rice, Thai, 5%
Wheat, US, HRW
$/mt
$/mt
$/mt
$/mt
103
164
539
227
83
113
280
140
86
99
227
128
140
165
433
198
168
237
441
257
199
247
467
260
187
236
440
260
Other Food
Bananas US
Meat, beef
Meat, chicken
Oranges
Shrimp
Sugar, world
$/mt
¢/kg
¢/kg
$/mt
¢/kg
¢/kg
495
362
99
525
1,511
82.9
559
265
112
549
1,106
28.6
475
216
147
407
1,696
20.2
769
297
168
915
889
41.6
787
329
157
724
970
46.6
816
343
172
720
834
39.4
330
257
520
355
183
551
308
213
666
379
246
751
394
317
764
271
187
2,986
188
89
3,508
146
75
3,332
202
324
3,837
292
61
152
237
252
177
42
101
136
123
173
49
137
154
113
Agricultural Raw Materials
Timber
Logs, Cameroonian $/cum
Logs, Malaysian
$/cum
Sawnwood, Malaysian $/cum
Other Raw Materials
Cotton A Index
¢/kg
Rubber, Malaysian
¢/kg
Tobacco
$/mt
Forecast
2017
2018
2019
2020
2025
69.3
76.8
8.1
4.0
10.9
68.9
75.3
7.9
4.1
10.6
68.4
73.8
7.7
4.2
10.2
67.9
72.4
7.5
4.3
9.8
65.4
66.3
6.5
4.6
8.2
176
276
141
226
172
270
137
225
168
265
134
223
165
259
130
222
161
254
127
220
144
229
111
212
727
1,485
704
321
821
407
712
1,455
683
312
802
398
697
1,426
663
305
784
391
683
1,397
644
297
767
383
668
1,369
625
290
750
376
654
1,341
607
282
733
368
588
1,209
523
248
654
333
171
215
414
239
156
195
391
211
152
190
382
208
149
185
374
204
145
181
366
201
141
176
358
198
138
172
350
195
121
150
314
180
798
334
164
688
818
36.6
773
287
160
685
825
31.9
743
246
158
704
860
29.7
727
248
155
693
852
28.9
712
249
153
683
845
28.2
697
251
151
674
837
27.5
683
252
148
664
830
26.8
669
254
146
655
823
26.1
601
255
134
608
784
22.9
374
299
727
366
290
712
364
288
705
364
288
705
363
287
706
363
287
707
362
287
708
362
286
709
361
286
715
350
278
706
271
392
3,646
163
280
3,560
147
269
3,419
151
259
3,267
156
250
3,127
157
244
3,079
158
238
3,033
159
233
2,987
159
227
2,942
160
222
2,897
163
196
2,679
443
109
294
338
256
503
150
354
438
342
447
154
380
383
336
407
142
350
350
317
390
127
327
339
295
375
117
297
328
274
367
111
288
318
265
359
105
279
309
256
351
100
270
300
248
344
95
262
291
240
336
90
253
282
232
301
69
216
242
196
Fertilizers
DAP
Phosphate rock
Pottasium chloride
TSP
Urea
$/mt
$/mt
$/mt
$/mt
$/mt
Metals and Minerals
Aluminum
Copper
Iron ore
Lead
Nickel
Tin
Zinc
$/mt
$/mt
¢/dmtu
¢/kg
$/mt
¢/kg
¢/kg
2,329
2,863
37
119
8,553
2,201
100
1,695
2,752
34
84
9,167
629
157
1,734
2,030
32
51
9,669
608
126
1,924
6,672
129
190
19,312
1,807
191
1,952
7,177
136
195
18,625
2,118
178
1,677
6,601
107
171
14,548
1,751
162
1,791
6,349
106
171
14,651
1,791
171
1,912
5,896
105
171
14,501
1,793
175
1,954
5,472
106
172
14,463
1,798
180
1,948
5,359
105
170
14,549
1,801
178
1,943
5,250
104
167
14,640
1,805
176
1,937
5,144
103
165
14,733
1,808
175
1,932
5,039
103
163
14,825
1,812
173
1,926
4,936
102
161
14,916
1,815
172
1,895
4,444
98
150
15,357
1,830
163
Metals and Minerals
Gold
Silver
Platinum
$/toz
c/toz
$/toz
798
2,730
891
397
500
488
312
554
610
1,084
1,785
1,425
1,276
2,864
1,398
1,384
2,581
1,286
1,302
2,523
1,257
1,235
2,350
1,171
1,173
2,189
1,090
1,135
2,126
1,059
1,100
2,065
1,029
1,065
2,006
999
1,032
1,949
971
999
1,893
943
850
1,634
814
a/ iron ore unit for years 1980 to 2005 is cents/ dmtu, thereafter is $/dmt.
Source: World Bank, Development Prospects Group.
http://www.worldbank.org/prospects/commodities
Next update: April 2013
Commodity Price Forecast Update
Released: January 15, 2013
Table 3: Weighted Indices of Commodity Prices and Inflation, 2005=100
1980
1990
Actual
2000
2010
2011
2012
2013
2014
2015
2016
Projection
2017
2018
2019
2020
2025
Price indices in nominal US dollars
Energy
66.0
Non-energy commodities
102.2
Agriculture
119.6
Beverages
157.7
Food
124.6
Fats and oils
120.4
Grains
126.8
Other food
128.0
Raw materials
88.0
Timber
68.1
Other Raw Materials
109.9
Fertilizers
89.1
Metals and minerals a/
68.1
Base Metals b/
73.9
Precious Metals
162.7
43.4
84.0
90.5
90.5
90.6
82.3
99.4
93.6
90.2
82.3
98.9
65.4
72.8
78.1
81.3
53.2
72.2
78.7
76.8
76.6
76.6
79.9
73.8
84.7
90.9
77.9
67.0
59.5
63.0
63.6
144.7
173.9
170.4
182.1
169.6
184.5
171.8
148.2
166.3
130.5
205.4
187.2
179.6
169.2
272.2
188.2
209.9
209.0
208.2
210.1
222.7
238.5
167.8
206.7
153.5
264.8
267.0
205.5
193.2
371.9
187.4
190.0
194.0
166.2
211.6
230.0
244.2
157.9
165.3
142.7
189.9
259.2
174.0
168.6
378.3
182.6
186.2
187.8
158.4
204.8
220.5
239.0
153.1
161.7
142.1
183.1
244.8
176.3
170.8
378.3
182.8
180.4
179.6
155.3
191.7
206.0
224.7
143.0
162.4
143.9
182.6
231.9
176.1
169.9
352.8
182.8
175.4
173.2
153.3
181.3
196.0
208.8
137.0
163.5
146.6
182.0
219.8
174.9
167.3
339.9
182.8
175.6
173.1
153.1
180.5
194.6
207.7
137.4
165.1
149.3
182.4
215.4
176.1
168.2
335.3
182.7
175.7
173.0
152.9
179.8
193.3
206.7
137.8
166.7
152.1
182.8
211.2
177.3
169.2
330.8
182.5
175.9
173.0
152.8
179.1
191.9
205.6
138.1
168.4
154.9
183.2
207.0
178.5
170.2
326.3
182.4
176.2
173.0
152.6
178.4
190.6
204.6
138.6
170.1
157.8
183.6
203.0
179.8
171.2
321.9
182.3
176.5
173.1
152.4
177.7
189.3
203.6
139.0
172.4
161.6
184.1
199.0
181.0
172.2
317.5
183.4
177.7
172.7
151.7
174.0
182.8
198.6
140.2
180.1
173.8
186.9
180.6
187.7
177.7
296.6
Price indices in real 2005 US dollars c/
Energy
86.6
Non-energy commodities
134.1
Agriculture
156.9
Beverages
207.0
Food
163.4
Fats and oils
158.0
Grains
166.4
Other food
167.9
Raw materials
115.5
Timber
89.3
Other Raw Materials
144.2
Fertilizers
116.9
Metals and minerals a/
89.4
Base Metals b/
97.0
Precious Metals
213.4
44.9
86.9
93.6
93.6
93.7
85.1
102.8
96.8
93.3
85.1
102.2
67.7
75.3
80.8
84.1
59.5
80.8
88.1
86.0
85.8
85.7
89.5
82.6
94.8
101.8
87.2
75.1
66.6
70.6
71.2
128.1
154.0
150.9
161.3
150.2
163.4
152.1
131.2
147.2
115.5
181.9
165.7
159.1
149.8
241.1
153.0
170.7
169.9
169.3
170.8
181.1
193.9
136.4
168.0
124.8
215.3
217.0
167.0
157.1
302.4
155.4
157.5
160.8
137.8
175.4
190.7
202.4
130.9
137.0
118.3
157.4
214.9
144.3
139.7
313.6
148.7
151.6
152.9
128.9
166.7
179.4
194.5
124.6
131.6
115.7
149.1
199.3
143.5
139.0
307.9
145.6
143.7
143.1
123.7
152.7
164.1
179.0
113.9
129.4
114.7
145.5
184.8
140.3
135.3
281.1
142.9
137.1
135.4
119.8
141.7
153.2
163.2
107.1
127.8
114.6
142.3
171.8
136.7
130.8
265.8
140.4
134.8
132.9
117.6
138.6
149.5
159.5
105.5
126.8
114.7
140.0
165.4
135.2
129.2
257.5
137.8
132.6
130.5
115.4
135.6
145.8
155.9
103.9
125.8
114.7
137.9
159.3
133.7
127.6
249.5
135.3
130.4
128.2
113.2
132.7
142.3
152.4
102.4
124.8
114.8
135.8
153.4
132.3
126.1
241.9
132.8
128.3
125.9
111.1
129.9
138.8
149.0
100.9
123.9
114.9
133.7
147.8
130.9
124.7
234.4
130.4
126.3
123.8
109.0
127.1
135.4
145.7
99.4
123.3
115.6
131.7
142.4
129.5
123.2
227.2
119.9
116.1
112.8
99.1
113.7
119.5
129.8
91.6
117.7
113.6
122.1
118.0
122.7
116.1
193.9
76.2
96.7
2.4
89.3
-0.8
112.9
2.4
123.0
8.9
120.6
-1.9
122.9
1.9
125.5
2.2
127.9
1.9
130.2
1.8
132.6
1.8
134.9
1.8
137.3
1.8
139.8
1.8
153.0
1.8
47.8
72.3
4.2
88.7
2.1
111.0
2.3
113.4
2.1
115.5
1.9
117.0
1.3
119.5
2.2
122.1
2.2
124.7
2.2
127.4
2.2
130.2
2.2
133.0
2.2
135.9
2.2
151.3
2.2
Inflation indices, 2005=100 d/
MUV index e/
% change per annum
US GDP deflator
% change per annum
a/
b/
c/
d/
Base metals plus iron ore.
Includes aluminum, copper, lead, nickel, tin and zinc.
Real price indices are computed from unrounded data and deflated by the MUV index.
Inflation indices for 2011-2025 are projections. Growth rates for years 1990, 2000 and 2010 refer to compound annual rate of change between adjacent end-point years;
all others are annual growth rates from the previous year.
e/ Unit value index of manufacture exports (MUV) in US dollar terms for fifteen countries (Brazil, Canada, China, Germany, France, India, Italy, Japan, Mexico, Republic of Korea,
South Africa, Spain, Thailand, United Kingdom, and United States).
Please see the MUV Index and its compilation methodology online.
Source: World Bank, Development Prospects Group. Historical US GDP deflator: US Department of Commerce.
http://www.worldbank.org/prospects/commodities
Next update: April 2013
Commodity Price Forecast Update
Released: January 15, 2013
Table 4: World Bank Commodity Price Index Weights a/
Share of
energy and
nonenergy indices
Share of
sub-group indices
100.0
4.7
84.6
10.8
100.0
4.7
84.6
10.8
100.0
64.9
40.0
11.3
3.4
2.8
4.6
0.5
100.0
30.2
25.3
40.8
3.7
100.0
28.2
8.5
7.1
11.5
1.2
Vegetable Oils and Meals
Soybeans
Soybean Oil
Soybean Meal
Palm Oil
Coconut Oil
Groundnut Oil c/
16.3
4.0
2.1
4.3
4.9
0.5
0.5
100.0
24.6
13.0
26.3
30.2
3.1
2.8
40.8
10.1
5.3
10.7
12.3
1.3
1.1
Other Food
Sugar
Bananas
Meat, beef
Meat, chicken
Oranges d/
12.4
3.9
1.9
2.7
2.4
1.4
100.0
31.5
15.7
22.0
19.2
11.6
31.0
9.8
4.9
6.8
6.0
3.6
Beverages
Coffee
Cocoa
Tea
8.4
3.8
3.1
1.5
100.0
45.7
36.9
17.4
Agricultural Raw Materials
Timber
Hardwood
Logs
Sawnwood
16.5
8.6
8.6
1.9
6.7
100.0
100.0
22.1
77.9
Other Raw Matrials
Cotton
Natural Rubber
Tobacco
7.9
1.9
3.7
2.3
100.0
24.7
46.7
28.7
Metals and Minerals
Aluminum
Copper
Iron Ore
Lead
Nickel
Tin
Zinc
31.6
8.4
12.1
6.0
0.6
2.5
0.7
1.3
100.0
26.7
38.4
18.9
1.8
8.1
2.1
4.1
Fertilizers
Natural Phosphate Rock
Phosphate
Potassium
Nitogenous
3.6
0.6
0.8
0.7
1.5
100.0
16.9
21.7
20.1
41.3
Commodity Group
Energy
Coal
Crude Oil
Natural Gas
Non-energy Commodities
Agriculture
Food
Grains
Rice
Wheat
Maize b/
Barley
Precious Metals 7/
Gold
Silver
Platinum
a/
b/
c/
d/
Share of
food index
100.0
77.8
18.9
3.3
The weights are based on 2002-04 export values of low- and middle-income countries; the data are taken from the United Nations'
Comtrade Database via World Bank WITS system, Food and Agriculture Organization FAOSTAT, International Energy Agency,
BP Statistical Review of World Energy, World Metal Statistics, World Bureau of Metal Statistics and World Bank staff estimates.
The maize weight includes sorghum.
The groundnut oil weight includes groundnuts.
The oranges weight includes orange juice.
Source: World Bank, Development Prospects Group.
http://www.worldbank.org/prospects/commodities
Next update: April 2013
World Bank Commodity Price Indices: Groups and Weights
ENERGY
100.0
COAL
4.7
CRUDE OIL
84.6
NATURAL
GAS
10.8
NON-ENERGY
100.0
METALS
31.6
AGRICULTURE
64.9
FERTILIZER
3.6
BEVERAGES
8.4
FOOD
40.0
RAW
MATERIALS
16.5
GRAINS
11.3
FATS & OILS
16.3
OTHER FOOD
12.4
PRECIOUS METALS
100.0
GOLD
77.8%
SILVER
18.9%
PLATIMUM
3.3%
Note: Sum of components may not equal group total due to rounding.
Source: World Bank, Development Prospects Group.
http://www.worldbank.org/prospects/commodities
Next update: April 2013
Commodity Price Forecast Update
Released: January 15, 2013
Description of Price Series
Maize (US), no. 2, yellow, f.o.b. US Gulf ports
Aluminum (LME) London Metal Exchange, unalloyed
primary ingots, high grade, cash price
Natural Gas (Europe), import border price
Bananas (Central & South American), import price,
free on truck (f.o.t.) US Gulf
Barley (Canada), feed, Winnipeg
Exchange, wholesale farmers’ price
Commodity
Beef (Australian/New Zealand), frozen boneless,
85% chemical lean, c.i.f. U.S. East Coast
Natural Gas (U.S.), Henry Hub, Louisiana
Natural Gas (LNG) (any origin), c.i.f. Japan
Nickel (LME), cathodes
Oranges (Africa & Mediterranean region), European
indicative import price, c.i.f. Paris
Palm oil (Malaysian), bulk, c.i.f. N. W. Europe
Chicken meat (US) whole birds, broilers, Georgia
Dock weighted average, wholesale price
Phosphate rock (Moroccan), 70% BPL, contract,
f.a.s. Casablanca
Coal (Australian), thermal, f.o.b. Newcastle/Port
Kembla
Potassium chloride, f.o.b. Vancouver
Cocoa (ICCO), International Cocoa Organization
daily price
Rice (Thai), 5% broken, white rice, milled, indicative
survey price, f.o.b. Bangkok
Coconut oil
Rotterdam
c.i.f.
Rubber (Southeast Asia), RSS 3, nearby contract
SICOM; prior to 2004 RSS 1 grade f.o.b.
Coffee (ICO), International Coffee Organization
indicator price, other mild Arabicas, average New
York and Bremen/Hamburg markets
Sawnwood (Malaysian), dark red seraya/meranti,
select and better quality, kiln dry, c. & f. UK
(Philippines/Indonesian),
bulk,
Coffee (ICO), International Coffee Organization
indicator price, Robustas, average New York and Le
Havre/Marseilles markets
Shrimps (Mexico), frozen, white No. 1, 26-30 count
per pound, wholesale, New York
Silver (Handy & Harman), refined, New York
Copper (LME), grade A, cathodes and wire bar
Soybean meal (any origin), c.i.f. Rotterdam
Cotton (“cotton outlook A” index), c.i.f. Far East; prior
to 2006 c.i.f. Northern Europe
Soybean oil (Dutch), crude, f.o.b. ex-mill
Crude oil, average spot price of Brent, Dubai and
West Texas Intermediate, equally weighed
DAP (diammonium phosphate), bulk, f.o.b. US Gulf
Soybeans (US), c.i.f. Rotterdam
Sugar (world), International Sugar Agreement daily
price, raw, f.o.b. Caribbean ports
Gold (UK), London afternoon fixing
Tea, average of quotations at Calcutta, Colombo
and Mombasa/Nairobi
Groundnut oil (any origin), c.i.f. Rotterdam
Tin (LME), refined, settlement price
Iron ore, fines, spot, c.f.r. China 62% fe, in unit of
US$/dmt; prior to 2006 (Brazilian) CVRD/Vale sinter
feed, f.o.b. contract price to Europe, 66.5-68% fe, in
unit of US¢/dmtu
Tobacco (any origin) total unmanufactured US
import unit value, twelve-months-rolling-averages
Lead (LME), refined, settlement price
Urea, (varying
Europe
Logs (West African), sapele, high quality (loyal and
marchand LM), f.o.b. Cameroon
Wheat (US), no. 1, hard red winter, export Gulf
Logs (Malaysian), meranti, Sarawak, Tokyo import
price
TSP (triple super-phosphate), bulk, f.o.b. US Gulf
origins),
bagged,
f.o.b.
Eastern
Zinc (LME), special high grade, settlement price
Note:
The MUV (unit value of manufacture) is a US dollar trade weighted index of manufactures exported from fifteen
economies (Brazil, Canada, China, Germany, France, India, Italy, Japan, Mexico, Republic of Korea, South Africa,
Spain, Thailand, United Kingdom, and United States).
Please see the compilation methodology of the MUV Index online.
Source: World Bank, Development Prospects Group.
http://www.worldbank.org/prospects/commodities
Next update: April 2013