Professional Documents
Culture Documents
World Bank
Commodity Energy Non-energy
Price Index Agriculture Fertilizers ** Metals & Minerals
World Bank
Commodity Energy Non-energy
Price Index Agriculture Fertilizers ** Metals & Minerals
Precious
Metals
Precious
Metals
Precious Deflator
Metals MUV Index
Metals & Minerals
Base Metals
(ex. iron ore)
Precious Deflator
Metals MUV Index
Metals & Minerals
Base Metals
(ex. iron ore)
Beverages
* 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. Bloomberg; International Cocoa Organization S
* Coffee, Arabica (ICO), International Coffee Organization indicator price, other mild Arabicas, average New York and Bremen/Hamburg markets, ex-dock Bloomberg; Complete Coffee Coverage; Intern
* Coffee, Robusta (ICO), International Coffee Organization indicator price, Robustas, average New York and Le Havre/Marseilles markets, ex-dock Bloomberg; Complete Coffee Coverage; Intern
* Tea , average three auctions, arithmetic average of quotations at Kolkata, Colombo and Mombasa/Nairobi. World Bank.
Tea (Colombo auctions), Sri Lankan origin, all tea, arithmetic average of weekly quotes. International Tea Committee; Tea Broker's Ass
Tea (Kolkata auctions), leaf, include excise duty, arithmetic average of weekly quotes. International Tea Committee; Tea Board India;
Tea (Mombasa/Nairobi auctions), African origin, all tea, arithmetic average of weekly quotes. African Tea Brokers Limited; International Tea
Grains
* Barley (U.S.) feed, No. 2, spot, 20 days To-Arrive, delivered Minneapolis from May 2012 onwards; during 1980 - 2012 April Canadian, feed, Western No. 1, Winnipeg Commodity Exchange, spot, wholesale faBloomberg; US Department of Agriculture; Wo
* Maize (U.S.), no. 2, yellow, f.o.b. US Gulf ports Bloomberg; US Department of Agriculture; Wo
* Rice (Thailand), 5% broken, white rice (WR), milled, indicative price based on weekly surveys of export transactions, government standard, f.o.b. Bangkok Bloomberg; US Department of Agricuture; Wor
Rice (Thailand), 25% broken, WR, milled indicative survey price, government standard, f.o.b. Bangkok Bloomberg; US Department of Agricuture; Wor
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. Bloomberg; US Department of Agricuture; Wor
Rice (Vietnam), 5% broken, WR, milled, weekly indicative survey price, Minimum Export Price, f.o.b. Hanoi Bloomberg; US Department of Agricuture; Wor
Sorghum (US), no. 2 milo yellow, Texas export bids for grain delivered to export elevators, rail-truck, f.o.b. Gulf ports US Department of Agriculture; World Bank.
Wheat (Canada), no. 1, Western Red Spring (CWRS), in store, St. Lawrence, export price Canadian Grain Commission; Thomson Reute
* Wheat (U.S.), no. 2 hard red winter Gulf export price; June 2020 backwards, no. 1, hard red winter, ordinary protein, export price delivered at the US Gulf port for prompt or 30 days shipment Bloomberg; US Department of Agriculture; Wo
Wheat (U.S.), no. 2, soft red winter, export price delivered at the US Gulf port for prompt or 30 days shipment Bloomberg; US Department of Agriculture; Wo
Other food
Bananas (Central & South America), major brands, free on truck (f.o.t.) Southern Europe, including duties; prior to October 2006, f.o.t. Hamburg. Food and Agricultural Organization; Nova Med
* Bananas (Central & South America), major brands, US import price, free on truck (f.o.t.) US Gulf ports. Food and Agricultural Organization; Nova Med
* Meat, beef (Australia/New Zealand), mixed trimmings 85%, East Coast, 7-45 day deferred delivery, FOB port of entry, beginning January 1995; previously cow forequarters Meat & Livestock Australia, Meat and Livestoc
* Chicken (U.S.), Urner Barry North East weighted average for broiler/fryer, whole birds, 2.5 to 3.5 pounds, USDA grade "A" from 2013 onwards; 1980-2012, Georgia Dock weighted average, 2.5 to 3 pounds,wBloomberg; Urner Barry; US Department of Ag
** Lamb (U.S.), boxed lamb cuts, leg, double, trotter-on, less than truckload (LTL) pricing, from August 2010; previously, (New Zealand) frozen whole carcasses Prime Medium (PM) wholesale, Smithfield, LondoMeat Trade Journal; Urner Barry; World Bank.
* Oranges (Mediterranean exporters) navel, European Union indicative import price, c.i.f. Paris Bloomberg; INTERFEL, Fel Actualite hebdo; F
World Bank Commodity Price Data (The Pink Sheet)
Series Description Sources
* Shrimp , (U.S.), brown, shell-on, headless, in frozen blocks, source Gulf of Mexico, 26 to 30 count per pound, wholesale US beginning 2004; previously New York. Fishery Market News; Urner Barry; US Bureau
Sugar (EU), European Union negotiated import price for raw unpackaged sugar from African, Caribbean and Pacific (ACP) under Lome Conventions, c.I.f. European ports International Monetary Fund; World Bank.
Sugar (U.S.), nearby futures contract, c.i.f. Bloomberg, World Bank.
* Sugar (World), International Sugar Agreement (ISA) daily price, raw, f.o.b. and stowed at greater Caribbean ports Bloomberg; International Sugar Organization; T
Raw Materials
Timber
* Logs (Africa), sapele, high quality (loyal and marchand), 80 centimeter or more, f.o.b. Douala, Cameroon beginning January 1996; previously of unspecified dimension International Tropical Timber Organization; Ma
* Logs (Southeast Asia), meranti, Sarawak, sale price charged by importers, Tokyo beginning February 1993; previously average of Sabah and Sarawak weighted by Japanese import volumes International Tropical Timber Organization; Mo
Plywood (Africa and Southeast Asia), Lauan, 3-ply, extra, 91 cm x 182 cm x 4 mm, wholesale price, spot Tokyo International Tropical Timber Organization; Jap
Sawnwood (Africa), sapele, width 6 inches or more, length 6 feet or more, f.a.s. Cameroonian ports International Tropical Timber Organization; Ma
* Sawnwood (Southeast Asia), 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 co International Tropical Timber Organization; Tro
Woodpulp (Sweden), softwood, sulphate, bleached, air-dry weight, c.i.f. North Sea ports Statistisches Bundesamt, Germany; Allman Ma
Fertilizers
* DAP (diammonium phosphate), spot, f.o.b. US Gulf Bloomberg; Bloomberg L.P. - Green Markets (
* Phosphate rock , f.o.b. North Africa Bloomberg; Bloomberg L.P. - Green Markets (
* Potassium chloride (muriate of potash), Brazil CFR granular spot price from January 2020; previously, f.o.b. Vancouver Bloomberg; Bloomberg L.P. - Green Markets (
* TSP (triple superphosphate), spot, import US Gulf Bloomberg; Bloomberg L.P. - Green Markets (
* Urea, (Ukraine), prill spot f.o.b. Middle East, beginning March 2022; previously, f.o.b. Black Sea. Bloomberg; Bloomberg L.P. - Green Markets (
Precious Metals
* Gold (UK), 99.5% fine, London afternoon fixing, average of daily rates Bloomberg; Kitco.com; International Monetary
Platinum (UK), 99.9% refined, London afternoon fixing Bloomberg; London Platinum & Palladium Mar
* Silver (UK), 99.9% refined, London afternoon fixing; prior to July 1976 Handy & Harman. Grade prior to 1962 unrefined silver. American Metal Market; Australian Mineral Eco
mberg; Energy Intelligence Group (EIG); Organization of Petroleum Exporting Countries (OPEC); World Bank.
mberg; Energy Intelligence Group (EIG); Organization of Petroleum Exporting Countries (OPEC); World Bank.
mberg; Energy Intelligence Group (EIG); Organization of Petroleum Exporting Countries (OPEC); World Bank.
national Tea Committee; Tea Broker's Association of London; Tea Exporters Association Sri Lanka; World Bank.
national Tea Committee; Tea Board India; Tea Broker's Association of London; World Bank.
an Tea Brokers Limited; International Tea Committee; Tea Broker's Association of London; World Bank.
it Group Limited (formerly IHS Markit Agribusiness UK Ltd); Bloomberg; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.
mberg; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.
it Group Limited (formerly IHS Markit Agribusiness UK Ltd); Bloomberg; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.
it Group Limited (formerly IHS Markit Agribusiness UK Ltd); Bloomberg; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.
it Group Limited (formerly IHS Markit Agribusiness UK Ltd); Bloomberg; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.
it Group Limited (formerly IHS Markit Agribusiness UK Ltd); Bloomberg; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.
it Group Limited (formerly IHS Markit Agribusiness UK Ltd); Bloomberg; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.
it Group Limited (formerly IHS Markit Agribusiness UK Ltd); Bloomberg; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.
it Group Limited (formerly IHS Markit Agribusiness UK Ltd); Bloomberg; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.
it Group Limited (formerly IHS Markit Agribusiness UK Ltd); Bloomberg; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.
it Group Limited (formerly IHS Markit Agribusiness UK Ltd); Bloomberg; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.
and Agricultural Organization; Nova Media Publishing, Inc.; Union of Banana-Exporting Countries (UPEB); US Bureau of Labor Statistics; World Bank.
and Agricultural Organization; Nova Media Publishing, Inc.; Union of Banana-Exporting Countries (UPEB); US Bureau of Labor Statistics; World Bank.
& Livestock Australia, Meat and Livestock Weekly; The National Provisioner; Urner Barry; US Department of Agriculture; World Bank.
mberg; Urner Barry; US Department of Agriculture; World Bank.
Trade Journal; Urner Barry; World Bank.
mberg; INTERFEL, Fel Actualite hebdo; FRuiTrop; Marche Europeens Des Fruits et Legumes; World Bank.
ery Market News; Urner Barry; US Bureau of Labor Statistics; US Nationational Ocearnic and Atmospheric Administration (NOAA); World Bank.
national Monetary Fund; World Bank.
mberg, World Bank.
mberg; International Sugar Organization; Thomson Reuters Datastream; World Bank.
mberg; Cotton Outlook; International Cotton Advisory Committee; Liverpool Cotton Services Ltd.; World Bank.
on Outlook; International Cotton Advisory Committee; Liverpool Cotton Services Ltd.; World Bank.
n Wall Street Journal; Bloomberg; International Rubber Study Group; Rubber Association of Singapore Commodity Exchange (RASCE); Singapore Exchange Ltd (SGX previously SICOM); World Bank.
n Wall Street Journal; Bloomberg; International Rubber Study Group; Rubber Association of Singapore Commodity Exchange (RASCE); Singapore Exchange Ltd (SGX previously SICOM); World Bank.
Department of Agriculture, World Bank.
mberg; Engineering and Mining Journal; Platts Metals Week; Thomson Reuters Datastream; World Bank.
mberg; Engineering and Mining Journal; Platts Metals Week; Thomson Reuters Datastream; World Bank.
E; CVRD; UNCTAD; World Bank.
mberg; Thomson Reuters Datastream, World Bank.
mberg; Engineering and Mining Journal; Platts Metals Week; Thomson Reuters Datastream; World Bank.
mberg; Platts Metals Week, Thomson Reuters Datastream; World Bank.
mberg; Kitco.com; International Monetary Fund, International Financial Statistics; London Bullion Market; Metals Week; Platts Metals Week; Shearson Lehman Brothers, Metal Market Weekly Review; Thomson Reuters Datastream; World Bank.
mberg; London Platinum & Palladium Market; Platts Metals Week, CRB Commodity Yearbook; Thomson Reuters Datastream; World Bank.
rican Metal Market; Australian Mineral Economics Pty. Ltd.; Bloomberg; London Bullion Market; Metals Week; Metals Statistics; Platts Metasl Week; The Silver Institute, Silver World Supply & Demand; Thomson Reuters Datastream; World Bank.
Weights Used in the World Bank Commodity Price Index (in Percent) 1/
based on 2002-04 developing countries' export values 2/ and 3/
Share of Share of
energy and non- sub-group Share of
Commodity Group energy indices indices food index
Total Index 100.0 World Bank Commodity Price Indexes: Groups and weights
Energy 67.0
Non-Energy 33.0
TOTAL
Energy 100.0 100.0 100.0
Coal 4.7 4.7
Crude Oil 84.6 84.6
Natural Gas 10.8 10.8
Non-energy 100.0 ENERGY NON-ENERGY
67.0 33.0
Agriculture 64.9
Food 40.0 100.0
Cereals 11.3 100.0 28.2
Rice 3.4 30.1 8.5
Wheat 2.8 25.2 7.1
Maize 4/ 4.6 40.7 11.5 ENERGY
Barley 0.5 4.1 1.2 100.0
Share of Share of
energy and non- sub-group Share of
Commodity Group energy indices indices food index
Tin 0.7 2.1
Zinc 1.3 4.1
Fertilizers 3.6 100.0
Natural Phosphate Rock 0.6 16.9
Phosphate 0.8 21.7
Potassium 0.7 20.1
Nitogenous 1.5 41.3
Precious Metals 100.0
Gold 77.8
Silver 18.9
Platinum 3.3
1/ Laspeyres Index.
2/ Developing countries is represented by Low- and Middle-income Countries (LMIC) as defined by the World
Bank Development Data Group Classification of Income Group as of June 20, 2006.
3/
Trade data sources are United Nations' Comtrade Database via World Bank WITS system, Food and
Agriculture Organization FAOSTAT Database, International Energy Agency Database, BP Statistical Review of
World Energy, World Metal Statistics, World Bureau of Metal Statistics and World Bank staff estimates.
4/ The maize weight includes sorghum.
5/ The groundnut oil weight includes groundnuts.
6/ The oranges weight includes orange juice.
7/ Rubber TSR20 replaces Rubber RSS3 in Other Raw Materials index from 2018