Table A1:  Commodity Prices and Price Forecast in Current US Dollars                
Actual Forecast
Commodity Unit 1970 1980 1990 2000 2010   2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Energy
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
Agriculture
Beverages
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
Food
Fats and Oils
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 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
Grains
Barley $/mt n.a. 78 80 77 158 176 164 155 152 154 155 156 157 158 159
Maize $/mt 58 125 109 89 186 210 190 180 171 172 172 171 171 170 170
Rice, Thai, 5% $/mt 126 411 271 202 489 500 480 475 470 470 466 462 458 454 450
Wheat, US, HRW $/mt 55 173 136 114 224 250 225 200 198 195 194 193 192 191 190
Other Food
Bananas US  $/mt 166 377 541 424 868 900 850 800 770 750 746 742 738 734 730
Meat, beef ¢/kg 130 276 256 193 335 410 315 290 290 290 292 294 296 298 300
Meat, chicken ¢/kg n.a. 69 108 131 189 192 194 196 198 198 199 199 199 200 200
Oranges $/mt 168 400 531 363 1 033 910 910 910 910 910 908 906 904 902 900
Shrimp ¢/kg n.a. 1 152 1 069 1 515 1 004 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 50.0 40.0 36.0 35.0 34.0 34.4 34.8 35.2 35.6 36.0
Agricultural Raw Materials
Timber
Logs, Cameroonian $/cum 43 252 343 275 429 520 510 500 490 480 490 499 509 520 530
Logs, Malaysian $/cum 43 196 177 190 278 375 340 322 304 300 306 312 318 324 330
Sawnwood, Malaysian $/cum 175 396 533 595 848 1 015 975 949 923 910 927 945 963 981 1 000
Other Raw Materials
Cotton A Index ¢/kg 68 206 182 130 228 300 250 200 180 170 168 166 164 162 160
Rubber, Malaysian ¢/kg 41 142 86 67 365 430 300 180 250 240 236 232 228 224 220
Tobacco $/mt 1 076 2 276 3 392 2 976 4 305 4 200 4 083 3 969 3 858 3 750 3 699 3 648 3 598 3 549 3 500
Fertilizers
DAP $/mt 54 222 171 154 501 550 480 450 430 425 424 423 422 421 420
Phosphate rock $/mt 11 47 41 44 123 150 145 140 130 120 118 116 114 112 110
Pottasium chloride $/mt 32 116 98 123 332 350 300 280 275 270 266 262 258 254 250
TSP $/mt 43 180 132 138 382 400 380 350 345 340 336 332 328 324 320
Urea $/mt 18 192 119 101 289 330 280 270 260 250 248 246 244 242 240
Metals and Minerals
Aluminum  $/mt 614 1 775 1 639 1 549 2 173 2 475 2 500 2 525 2 550 2 575 2 600 2 625 2 650 2 675 2 700
Copper $/mt 1 416 2 182 2 661 1 813 7 535 9 500 9 000 8 000 7 000 6 000 5 500 5 550 5 600 5 650 5 700
$/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 $/toz 36 608 383 279 1 225 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 28.8 145.9 160.0 150.0 130.0 110.0 90.0 80.0 82.5 85.0 87.5 90.0
Lead ¢/kg 30 91 81 45 215 250 255 245 225 205 195 198 200 203 205
Nickel $/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 76 151 113 216 225 250 240 220 200 190 193 195 198 200
                                     
n.a. = Not available.
Note:  Projections as of March 23, 2011.
Source:  World Bank, Economic Policy and  Prospects Group.