Commodity Prices

Commodities description

Beverages

• Cocoa ($/kg)
  International Cocoa Organization (ICCO) daily price, an average of the first three positions on the terminal markets of New York and London, nearest three future trading months.
• Coffee ($/kg)
  International Coffee Organization (ICO) indicator price, other mild Arabicas, average New York and Bremen/Hamburg markets, ex-dock
• Tea ($/kg)
  Average three auctions, the arithmetic average of quotations at Kolkata, Colombo, and Mombasa/Nairobi.

Energy

• Crude oil ($/bbl)
  The average spot price of Brent, Dubai, and West Texas Intermediate, equally weighed
• Coal ($/mt)
  Australia, from February 2022, port thermal, f.o.b. Newcastle, 6000 kcal/kg futures price. From 2015 to January 2022, port thermal, f.o.b. Newcastle, 6000 kcal/kg spot price. 2002-2014, thermal GAR, f.o.b. piers, Newcastle/Port Kembla, 6,300 kcal/kg (11,340 btu/lb), less than 0.8%, sulfur 13% ash
• Natural Gas ($/mmbtu)
  US, spot price at Henry Hub, Louisiana

Grains

• Barley ($/kg)
  US. feed, No. 2, spot, 20 days To-Arrive, delivered Minneapolis from May 2012 onwards; during 1980 - 2012 April Canadian, feed, Western No. 1, Winnipeg Commodity Exchange, spot, wholesale farmers' price
• Maize ($/kg)
  US, no. 2, yellow, f.o.b. US Gulf ports
• Rice ($/kg)
  Thailand, 5% broken, white rice (WR), milled, indicative price based on weekly surveys of export transactions, government standard, f.o.b. Bangkok
• Sorghum ($/mt)
  US, no. 2 milo yellow, Texas export bids for grain delivered to export elevators, rail-truck, f.o.b. Gulf ports
• Wheat ($/mt)
  US, no. 2 hard red winter Gulf export price; June 2020 backward, no. 1, hard red winter, ordinary protein, export price delivered at the US Gulf port for prompt or 30 days shipment

Meat

• Beef ($/mt)
  Australia/New Zealand, mixed trimmings 85%, East Coast, 7-45 day deferred delivery, FOB port of entry, beginning January 1995
• Chicken ($/mt)
  US, 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, wholesale
• Lamb ($/mt)
  US, boxed lamb cuts, leg, double, trotter-on, less than truckload (LTL) pricing, from August 2010
• Shrimp ($/kg)
  US, brown, shell-on, headless, in frozen blocks, source Gulf of Mexico, 26 to 30 count per pound, wholesale US beginning 2004

Metals

• Gold ($/kg)
  UK, 99.5% fine, London afternoon fixing, an average of daily rates
• Platinum ($/kg)
  UK, 99.9% refined, London afternoon fixing
• Silver ($/kg)
  UK, 99.9% refined, London afternoon fixing; prior to July 1976 Handy & Harman. Grade prior to 1962 unrefined silver.

Raw Materials

• Cotton ($/troy oz)
  Cotton Outlook "CotlookA index", middling 1-3/32 inch, traded in Far East, C/F beginning 2006
• Rubber ($/troy oz)
  Asia, RSS3 grade, Singapore Commodity Exchange Ltd (SICOM) nearby contract beginning 2004; from 2000 to 2003, Singapore RSS1
• Tobacco ($/troy oz)
  Any origin, unmanufactured, general import, cif, US

Oils

• Coconut Oil ($/kg)
  Philippines/Indonesia, from January 2021, crude, CIF Rotterdam; January 1999 to December 2020, crude, CIF NW Europe
• Groundnut Oil ($/kg)
  Dutch Refined GroundNut Oil A/O, Ex Tank Rotterdam, beginning December 2020; January 1999-November 2020, US crude, FOB South-East
• Palm Oil ($/mt)
  Malaysia, from January 2021, RBD, FOB Malaysia Ports; December 2001 to December 2020, RBD, CIF Rotterdam
• Soybean Oil ($/mt)
  Dutch Soyoil Crude Degummed, EXW Dutch Mills; January 1999 to December 2020, Dutch crude degummed, FOB NW Europe

Other Foods

• Banana ($/mt)
  Central & South America, major brands, US import price, free on truck (f.o.t.) US Gulf ports.
• Sugar ($/mt)
  World, International Sugar Agreement (ISA) daily price, raw, f.o.b. and stowed at greater Caribbean ports
• Orange ($/mt)
  Mediterranean exporters navel, European Union indicative import price, c.i.f. Paris

Woods

• Logs ($/cubic meter)
  Southeast Asia, meranti, Sarawak, sale price charged by importers, Tokyo beginning February 1993
• Sawnwood ($/cubic meter)
  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 commission including premium for products of certified sustainable forest beginning January 2005

Data Source: Commodity Markets - The World Bank