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