Table A1: Commodity Prices and Price Forecast in
Current US Dollars |
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Actual |
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Forecast |
Commodity |
Unit |
1970 |
1980 |
1990 |
2000 |
2010 |
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2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
Energy |
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Coal,
Australian |
$/mt |
7.8 |
40.1 |
39.7 |
26.3 |
99.0 |
|
115.0 |
105.0 |
95.0 |
90.0 |
85.0 |
80.0 |
81.3 |
82.5 |
83.8 |
85.0 |
Crude
oil, avg, spot |
$/bbl |
1.2 |
36.9 |
22.9 |
28.2 |
79.0 |
|
96.8 |
92.3 |
90.1 |
88.5 |
86.9 |
85.4 |
83.8 |
82.3 |
80.8 |
80.4 |
Natural
gas, European |
$/mmbtu |
0.4 |
4.2 |
2.8 |
3.9 |
8.3 |
|
9.5 |
9.2 |
9.0 |
8.9 |
8.8 |
8.7 |
8.6 |
8.5 |
8.4 |
8.3 |
Natural
gas, US |
$/mmbtu |
0.2 |
1.6 |
1.7 |
4.3 |
4.4 |
|
4.4 |
5.3 |
5.5 |
5.8 |
6.0 |
6.3 |
6.5 |
6.8 |
7.0 |
7.3 |
LNG,
Japanese |
$/mmbtu |
n.a. |
5.7 |
3.6 |
4.7 |
10.8 |
|
11.8 |
11.3 |
11.0 |
10.8 |
10.5 |
10.4 |
10.3 |
10.2 |
10.1 |
10.0 |
Non
Energy Commodities |
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Agriculture |
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Beverages |
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Cocoa |
¢/kg |
68 |
260 |
127 |
91 |
313 |
|
300 |
260 |
240 |
230 |
220 |
216 |
212 |
208 |
204 |
200 |
Coffee,
Arabica |
¢/kg |
115 |
347 |
197 |
192 |
432 |
|
450 |
400 |
380 |
350 |
330 |
319 |
309 |
299 |
289 |
280 |
Coffee,
robusta |
¢/kg |
91 |
324 |
118 |
91 |
174 |
|
200 |
180 |
170 |
165 |
160 |
158 |
156 |
154 |
152 |
150 |
Tea,
auctions (3) ave |
¢/kg |
84 |
166 |
206 |
188 |
288 |
|
283 |
280 |
274 |
270 |
265 |
261 |
257 |
253 |
249 |
245 |
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Food |
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Fats
and Oils |
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Coconut
oil |
$/mt |
397 |
674 |
337 |
450 |
1 124 |
|
1 500 |
1 000 |
950 |
900 |
850 |
836 |
821 |
807 |
794 |
780 |
Groundnut
oil |
$/mt |
379 |
859 |
964 |
714 |
1 404 |
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1 500 |
1 400 |
1 380 |
1 350 |
1 325 |
1 299 |
1 274 |
1 249 |
1 224 |
1 200 |
Palm
oil |
$/mt |
260 |
584 |
290 |
310 |
901 |
|
1 050 |
900 |
850 |
810 |
800 |
782 |
765 |
748 |
731 |
715 |
Soybean
meal |
$/mt |
103 |
262 |
200 |
189 |
378 |
|
400 |
350 |
330 |
310 |
308 |
307 |
307 |
306 |
305 |
304 |
Soybean
oil |
$/mt |
286 |
598 |
447 |
338 |
1 005 |
|
1 100 |
900 |
865 |
855 |
850 |
840 |
830 |
820 |
810 |
800 |
Soybeans |
$/mt |
117 |
296 |
247 |
212 |
450 |
|
500 |
450 |
400 |
395 |
390 |
387 |
384 |
381 |
378 |
375 |
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Grains |
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Barley |
$/mt |
n.a. |
78 |
80 |
77 |
158 |
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176 |
164 |
155 |
152 |
154 |
155 |
156 |
157 |
158 |
159 |
Maize |
$/mt |
58 |
125 |
109 |
89 |
186 |
|
210 |
190 |
180 |
171 |
172 |
172 |
171 |
171 |
170 |
170 |
Rice,
Thai, 5% |
$/mt |
126 |
411 |
271 |
202 |
489 |
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500 |
480 |
475 |
470 |
470 |
466 |
462 |
458 |
454 |
450 |
Wheat,
US, HRW |
$/mt |
55 |
173 |
136 |
114 |
224 |
|
250 |
225 |
200 |
198 |
195 |
194 |
193 |
192 |
191 |
190 |
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Other
Food |
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Bananas US |
$/mt |
166 |
377 |
541 |
424 |
868 |
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900 |
850 |
800 |
770 |
750 |
746 |
742 |
738 |
734 |
730 |
Meat,
beef |
¢/kg |
130 |
276 |
256 |
193 |
335 |
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410 |
315 |
290 |
290 |
290 |
292 |
294 |
296 |
298 |
300 |
Meat,
chicken |
¢/kg |
n.a. |
69 |
108 |
131 |
189 |
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192 |
194 |
196 |
198 |
198 |
199 |
199 |
199 |
200 |
200 |
Oranges |
$/mt |
168 |
400 |
531 |
363 |
1 033 |
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910 |
910 |
910 |
910 |
910 |
908 |
906 |
904 |
902 |
900 |
Shrimp |
¢/kg |
n.a. |
1 152 |
1 069 |
1 515 |
1 004 |
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1 240 |
1 203 |
1 168 |
1 133 |
1 100 |
1 105 |
1 110 |
1 115 |
1 120 |
1 125 |
Sugar,
world |
¢/kg |
8.2 |
63.2 |
27.7 |
18.0 |
46.9 |
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50.0 |
40.0 |
36.0 |
35.0 |
34.0 |
34.4 |
34.8 |
35.2 |
35.6 |
36.0 |
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Agricultural
Raw Materials |
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Timber |
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Logs,
Cameroonian |
$/cum |
43 |
252 |
343 |
275 |
429 |
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520 |
510 |
500 |
490 |
480 |
490 |
499 |
509 |
520 |
530 |
Logs,
Malaysian |
$/cum |
43 |
196 |
177 |
190 |
278 |
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375 |
340 |
322 |
304 |
300 |
306 |
312 |
318 |
324 |
330 |
Sawnwood,
Malaysian |
$/cum |
175 |
396 |
533 |
595 |
848 |
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1 015 |
975 |
949 |
923 |
910 |
927 |
945 |
963 |
981 |
1 000 |
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Other
Raw Materials |
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Cotton
A Index |
¢/kg |
68 |
206 |
182 |
130 |
228 |
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300 |
250 |
200 |
180 |
170 |
168 |
166 |
164 |
162 |
160 |
Rubber,
Malaysian |
¢/kg |
41 |
142 |
86 |
67 |
365 |
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430 |
300 |
180 |
250 |
240 |
236 |
232 |
228 |
224 |
220 |
Tobacco |
$/mt |
1 076 |
2 276 |
3 392 |
2 976 |
4 305 |
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4 200 |
4 083 |
3 969 |
3 858 |
3 750 |
3 699 |
3 648 |
3 598 |
3 549 |
3 500 |
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Fertilizers |
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DAP |
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$/mt |
54 |
222 |
171 |
154 |
501 |
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550 |
480 |
450 |
430 |
425 |
424 |
423 |
422 |
421 |
420 |
Phosphate
rock |
$/mt |
11 |
47 |
41 |
44 |
123 |
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150 |
145 |
140 |
130 |
120 |
118 |
116 |
114 |
112 |
110 |
Pottasium
chloride |
$/mt |
32 |
116 |
98 |
123 |
332 |
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350 |
300 |
280 |
275 |
270 |
266 |
262 |
258 |
254 |
250 |
TSP |
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$/mt |
43 |
180 |
132 |
138 |
382 |
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400 |
380 |
350 |
345 |
340 |
336 |
332 |
328 |
324 |
320 |
Urea |
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$/mt |
18 |
192 |
119 |
101 |
289 |
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330 |
280 |
270 |
260 |
250 |
248 |
246 |
244 |
242 |
240 |
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Metals
and Minerals |
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Aluminum |
$/mt |
614 |
1 775 |
1 639 |
1 549 |
2 173 |
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2 475 |
2 500 |
2 525 |
2 550 |
2 575 |
2 600 |
2 625 |
2 650 |
2 675 |
2 700 |
Copper |
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$/mt |
1 416 |
2 182 |
2 661 |
1 813 |
7 535 |
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9 500 |
9 000 |
8 000 |
7 000 |
6 000 |
5 500 |
5 550 |
5 600 |
5 650 |
5 700 |
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$/lb |
0.64 |
0.99 |
1.21 |
0.82 |
3.42 |
# |
4.31 |
4.08 |
3.63 |
3.17 |
2.72 |
2.49 |
2.52 |
2.54 |
2.56 |
2.58 |
Gold |
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$/toz |
36 |
608 |
383 |
279 |
1 225 |
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1 350 |
1 300 |
1 200 |
1 100 |
1 000 |
900 |
925 |
950 |
975 |
1 000 |
Iron
ore |
|
¢/dmtu |
9.8 |
28.1 |
32.5 |
28.8 |
145.9 |
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160.0 |
150.0 |
130.0 |
110.0 |
90.0 |
80.0 |
82.5 |
85.0 |
87.5 |
90.0 |
Lead |
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¢/kg |
30 |
91 |
81 |
45 |
215 |
|
250 |
255 |
245 |
225 |
205 |
195 |
198 |
200 |
203 |
205 |
Nickel |
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$/mt |
2 846 |
6 519 |
8 864 |
8 638 |
21 809 |
|
24 000 |
22 000 |
20 000 |
19 000 |
18 000 |
17 500 |
17 625 |
17 750 |
17 875 |
18 000 |
Silver |
|
c/toz |
176 |
2 064 |
482 |
500 |
2 020 |
|
2 750 |
2 500 |
2 250 |
2 000 |
1 750 |
1 500 |
1 525 |
1 550 |
1 575 |
1 600 |
Tin |
|
¢/kg |
367 |
1 677 |
609 |
544 |
2 041 |
|
2 800 |
3 000 |
2 750 |
2 500 |
2 250 |
2 000 |
2 025 |
2 050 |
2 075 |
2 100 |
Zinc |
|
¢/kg |
30 |
76 |
151 |
113 |
216 |
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225 |
250 |
240 |
220 |
200 |
190 |
193 |
195 |
198 |
200 |
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n.a.
= Not available. |
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Note: Projections as of March 23, 2011. |
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Source: World Bank, Economic Policy and Prospects Group. |
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