http://www.worldbank.
org/commodities
World Bank Commodities Price Data (The Pink Sheet) January 3, 2025
Annual Averages Quarterly Averages Monthly Averages
Jan-Dec Jan-Dec Jan-Dec Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec October November December
Unit 2022 2023 2024 2023 2024 2024 2024 2024 2024 2024 2024
Energy
Coal, Australia ** $/mt a/ 344.9 172.8 136.1 136.9 126.9 137.4 140.8 139.5 146.6 142.1 129.8
Coal, South Africa ** $/mt 240.6 119.1 105.8 115.4 105.6 105.3 105.9 106.4 106.8 106.8 105.5
Crude oil, average $/bbl 97.1 80.8 78.7 82.1 80.6 83.6 77.9 72.9 74.0 72.3 72.3
Crude oil, Brent $/bbl a/ 99.8 82.6 80.7 84.0 83.1 84.9 80.2 74.6 75.7 74.4 73.8
Crude oil, Dubai $/bbl 97.0 82.0 79.7 83.8 81.6 85.0 78.4 73.6 74.7 72.8 73.3
Crude oil, WTI $/bbl 94.4 77.7 75.8 78.4 77.0 80.8 75.2 70.4 71.6 69.7 69.8
Natural gas, Index 2010=100 281.6 102.9 87.4 106.5 76.8 81.1 89.0 102.8 96.7 100.4 111.2
Natural gas, Europe ** $/mmbtu a/ 40.34 13.11 2.00 13.52 8.75 10.03 11.50 13.57 12.92 13.93 13.86
Natural gas, U.S. $/mmbtu a/ 6.37 2.54 2.19 2.74 2.13 2.08 2.11 2.45 2.21 2.10 3.02
Liquefied natural gas, Japan $/mmbtu a/ 18.43 14.39 12.85 13.26 13.72 12.06 12.93 12.71 12.54 12.82 12.76
Non Energy
Agriculture
Beverages
Cocoa $/kg b/ 2.39 3.28 7.33 3.96 5.68 8.52 6.83 8.29 6.66 7.89 10.32
Coffee, Arabica $/kg b/ 5.63 4.54 5.62 4.35 4.56 5.28 5.85 6.80 6.10 6.72 7.57
Coffee, Robusta $/kg b/ 2.29 2.63 4.41 2.77 3.43 4.26 4.93 5.03 4.89 4.98 5.22
Tea, average $/kg 3.05 2.74 3.04 2.74 2.68 3.15 3.26 3.06 3.15 3.09 2.96
Tea, Colombo $/kg b/ 3.87 3.56 4.13 3.53 4.20 4.19 4.07 4.04 4.06 3.96 4.11
Tea, Kolkata $/kg b/ 2.83 2.43 2.81 2.51 1.65 3.05 3.55 2.98 3.31 3.07 2.56
Tea, Mombasa $/kg b/ 2.45 2.23 2.18 2.18 2.19 2.21 2.16 2.17 2.07 2.24 2.19
Food
Oils and Meals
Coconut oil $/mt b/ 1,635 1,075 1,519 1,090 1,197 1,408 1,610 1,860 1,728 1,879 1,973
Fish meal $/mt 1,596 1,815 1,699 1,850 1,748 1,717 1,719 1,612 1,639 1,601 1,598
Groundnuts $/mt 1,568 1,892 1,765 2,050 2,010 1,821 1,684 1,544 1,575 1,542 1,515
Groundnut oil ** $/mt b/ 2,203 2,035 1,796 1,929 1,842 1,823 1,793 1,724 1,750 1,734 1,688
Palm oil $/mt b/ 1,276 886 963 816 882 890 937 1,145 1,077 1,169 1,190
Palmkernel oil $/mt 1,617 990 1,412 949 1,063 1,214 1,453 1,917 1,636 2,015 2,099
Soybean meal $/mt b/ 548 541 442 536 464 463 448 394 422 385 376
Soybean oil $/mt b/ 1,667 1,119 1,022 1,105 949 986 1,051 1,101 1,095 1,145 1,064
Soybeans $/mt b/ 675 598 462 543 518 482 420 429 442 436 409
Grains
Barley $/mt b/ … … … … … … … … … … …
Maize $/mt b/ 318.8 252.7 190.6 216.2 192.8 194.0 177.6 198.1 190.3 201.3 202.6
Rice, Thailand 5% $/mt b/ 436.8 553.7 588.4 610.7 632.3 617.3 586.3 517.7 515.0 511.0 527.0
Rice, Thailand 25% $/mt 429.7 532.9 559.1 582.0 599.3 584.0 557.7 495.3 499.0 487.0 500.0
Rice, Thailand A1 $/mt 417.7 536.2 572.7 593.0 625.5 599.2 567.3 498.8 504.8 489.6 501.9
Rice, Vietnam 5% $/mt 404.5 523.7 557.5 626.2 608.4 567.0 542.7 511.7 529.8 509.7 495.7
Sorghum $/mt … … … … … … … … … … …
Wheat, U.S., HRW ** $/mt b/ 430.0 340.4 268.7 290.9 279.1 275.8 260.3 259.6 272.9 253.8 252.2
Wheat, U.S., SRW ** $/mt 381.9 257.7 229.0 244.2 240.8 230.6 214.6 230.9 233.3 229.0 230.3
Other Food
Bananas, EU $/kg 0.94 1.09 1.07 1.07 1.08 1.07 1.07 1.04 1.05 1.04 1.04
Bananas, U.S. $/kg b/ 1.49 1.60 1.23 1.56 1.61 1.38 1.02 0.92 1.03 0.91 0.83
Beef ** $/kg b/ 5.62 4.90 5.93 4.88 5.37 5.93 6.27 6.16 6.06 6.18 6.23
Chicken ** $/kg b/ 1.68 1.53 1.46 1.63 1.54 1.45 1.39 1.47 1.48 1.52 1.42
Lamb ** $/kg 8.27 6.12 5.35 5.37 5.23 5.12 5.28 5.76 5.60 5.83 5.84
Oranges $/kg b/ 0.92 1.57 2.26 2.00 1.85 2.15 2.42 2.62 2.60 2.57 2.70
Shrimp $/kg 13.51 10.19 … 8.60 … … … … … … …
Sugar, EU $/kg b/ 0.34 0.35 0.35 0.35 0.35 0.35 0.36 0.35 0.36 0.35 0.34
Sugar, U.S. $/kg b/ 0.79 0.89 0.84 0.95 0.89 0.84 0.81 0.83 0.84 0.84 0.81
Sugar, World $/kg b/ 0.41 0.52 0.45 0.54 0.49 0.43 0.43 0.45 0.46 0.45 0.44
continued on next page
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http://www.worldbank.org/commodities
World Bank Commodities Price Data (The Pink Sheet) January 3, 2025
Annual Averages Quarterly Averages Monthly Averages
Jan-Dec Jan-Dec Jan-Dec Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec October November December
Unit 2022 2023 2024 2023 2024 2024 2024 2024 2024 2024 2024
Raw Materials
Timber
Logs, Africa $/cum 368.9 378.6 378.7 376.6 379.9 376.8 384.6 373.4 381.7 372.0 366.5
Logs, S.E. Asia $/cum b/ 228.0 212.4 196.7 201.5 200.5 191.1 200.0 195.4 199.0 193.8 193.3
Plywood ¢/sheets 418.2 389.5 360.9 369.5 367.8 350.5 366.9 358.4 365.0 355.5 354.6
Sawnwood, Africa $/cum 593.0 595.9 612.4 594.8 607.6 604.9 623.0 614.1 625.7 610.6 605.9
Sawnwood, S.E. Asia $/cum b/ 674.5 677.7 696.5 676.5 691.1 688.0 708.6 698.5 711.7 694.5 689.2
Other Raw Materials
Cotton $/kg b/ 2.86 2.09 1.91 2.03 2.14 1.91 1.79 1.80 1.84 1.80 1.76
Rubber, RSS3 $/kg 1.81 1.58 2.28 1.65 2.07 2.23 2.37 2.44 2.63 2.29 2.38
Rubber, TSR20 ** $/kg b/ 1.54 1.38 1.75 1.46 1.58 1.69 1.76 1.98 2.01 1.93 1.99
Fertilizers
DAP $/mt 772.2 550.0 563.7 544.7 599.2 536.7 546.7 572.1 573.4 574.5 568.3
Phosphate rock $/mt b/ 266.2 323.8 321.7 282.5 152.5 152.5 250.0 152.5 152.5 152.5 152.5
Potassium chloride ** $/mt b/ 863.4 383.2 295.1 328.5 295.4 307.3 293.8 283.9 278.1 281.0 292.5
TSP $/mt b/ 716.1 480.2 474.6 459.4 451.3 450.4 505.8 490.8 503.8 491.0 477.5
Urea, E. Europe ** $/mt b/ 700.0 358.0 338.3 383.6 338.9 313.7 340.8 359.7 374.8 352.3 352.0
Metals and Minerals
Aluminum $/mt b/ 2,705 2,256 2,419 2,192 2,199 2,523 2,381 2,573 2,596 2,582 2,541
Copper $/mt b/ 8,822 8,490 9,142 8,176 8,444 9,751 9,198 9,175 9,534 9,076 8,916
Iron ore $/dmt b/ 121.3 120.6 109.4 129.0 123.3 113.0 99.9 101.4 101.4 100.5 102.2
Lead $/mt b/ 2,151 2,136 2,069 2,116 2,074 2,166 2,034 2,004 2,034 1,988 1,990
Nickel $/mt b/ 25,834 21,521 16,814 17,256 16,627 18,416 16,235 15,978 16,766 15,723 15,445
Tin $/mt b/ 31,335 25,938 30,066 24,435 26,218 32,262 31,608 30,177 32,012 29,655 28,865
Zinc $/mt b/ 3,481 2,653 2,776 2,498 2,446 2,834 2,776 3,048 3,106 3,004 3,034
Precious Metals
Gold $/toz c/ 1,801 1,943 2,388 1,976 2,072 2,336 2,480 2,663 2,690 2,651 2,648
Platinum $/toz c/ 962 966 955 911 910 980 964 967 999 966 938
Silver $/toz c/ 21.8 23.4 28.3 23.2 23.4 28.8 29.5 31.4 32.4 31.1 30.8
Indexes (2010=100)
Total d/ 142.5 108.0 105.1 107.6 104.4 108.6 104.6 102.9 103.2 102.3 103.0
Energy 152.6 107.0 101.5 107.2 102.5 105.3 101.3 96.9 97.7 96.5 96.5
Non Energy 122.1 110.2 112.4 108.4 108.2 115.1 111.2 115.0 114.6 114.1 116.2
Agriculture 119.3 110.9 114.8 110.0 111.2 116.4 113.6 118.0 116.0 117.1 121.1
Beverages 106.3 107.8 176.4 114.9 140.4 187.3 176.7 201.1 175.8 195.7 231.8
Food 138.1 125.4 115.8 122.1 117.6 116.6 113.3 115.9 116.3 116.2 115.1
Oils and Meals 145.2 118.9 106.9 112.9 107.0 106.2 104.7 109.6 109.5 110.7 108.5
Grains 150.4 133.0 112.9 122.7 117.4 116.3 108.8 108.9 108.6 108.6 109.6
Other Food 117.7 127.2 130.4 133.6 131.8 130.7 128.6 130.4 132.3 130.2 128.6
Raw Materials 80.3 77.1 80.9 78.2 80.5 79.9 82.2 81.2 84.6 79.4 79.4
Timber 80.1 79.1 79.6 78.1 79.4 78.4 81.0 79.7 81.2 79.2 78.7
Other Raw Materials 80.5 74.9 82.4 78.3 81.7 81.6 83.6 82.8 88.4 79.7 80.2
Fertilizers 235.7 153.5 117.6 146.1 116.4 113.5 119.7 120.9 123.5 119.7 119.6
Metals and Minerals 115.0 104.0 106.7 100.7 101.2 112.6 105.2 107.9 110.6 107.2 105.9
Base Metals e/ 122.4 109.0 114.1 103.5 105.1 120.8 113.8 116.9 120.2 116.1 114.3
Precious Metals 136.8 147.3 180.2 149.2 155.4 177.5 187.2 200.6 203.4 199.6 199.0
Notes and Abbreviations:
a/ Included in the energy index; b/ Included in the non-energy index; c/ Included in the precious metals index; d/ Metals and Minerals exluding iron ore.
$ = US dollar bbl = barrel cum = cubic meter dmt = dry metric ton kg = kilogram mmbtu = million British thermal units mt = metric ton toz = troy oz
.. = not available ** = see next page "Changes in the recent issues"
continued on next page
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http://www.worldbank.org/commodities
Description of Price Series
Coal (Australia), port thermal, f.o.b. Newcastle, 6000 kcal/kg futures price.
Coal (South Africa), f.o.b. Richards Bay, NAR, 6,000 kcal/kg, sulfur less than 1%, forward month 1.
Crude oil, average price of Brent, Dubai and West Texas Intermediate, equally weighed.
Crude oil, U.K. Brent 38° API.
Crude oil, Dubai Fateh 32° API.
Crude oil, West Texas Intermediate (WTI) 40° API.
Natural Gas Index (Laspeyres), weights based on 5-year consumption volumes for Europe, US and Japan (LNG), updated every 5 years.
Natural Gas (Europe), Netherlands Title Transfer Facility (TTF).
Natural Gas (U.S.), spot price at Henry Hub, Louisiana.
Liquefied natural gas (Japan), LNG, import price, cif; recent two months' averages are estimates.
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.
Coffee, Arabica (ICO), International Coffee Organization indicator price, other mild Arabicas, average New York and Bremen/Hamburg markets, ex-dock.
Coffee, Robusta (ICO), International Coffee Organization indicator price, Robustas, average New York and Le Havre/Marseilles markets, ex-dock.
Tea, average three auctions, arithmetic average of quotations at Kolkata, Colombo and Mombasa/Nairobi.
Tea (Colombo), Sri Lankan origin, all tea, arithmetic average of weekly quotes.
Tea (Kolkata), leaf, include excise duty, arithmetic average of weekly quotes.
Tea (Mombasa/Nairobi), African origin, all tea, arithmetic average of weekly quotes.
Coconut oil (Philippines/Indonesia), crude, CIF Rotterdam.
Groundnuts (U.S.), Runners 40/50, CFR N.W. Europe.
Fish meal, German fishmeal, Danish 64% pro, FOB Bremen.
Groundnut oil, Refined, FOR Ports India.
Palm oil (Malaysia), RBD, FOB Malaysia Ports.
Palmkernel Oil (Malaysia/Indonesia), crude, CIF Rotterdam.
Soybean meal, Soybean pellets 48% pro, CIF Rotterdam.
Soybean oil, Dutch soyoil crude degummed, EXW Dutch Mills.
Soybeans, U.S. Gulf yellow soybean #2 CIF Rotterdam.
Barley (U.S.) feed, no. 2, 20 days To-Arrive, delivered Minneapolis.
Maize (U.S.), no. 2, yellow, f.o.b. US Gulf ports.
Rice (Thailand), 5% broken, white rice (WR), milled, indicative price based on weekly surveys of export transactions, government standard, f.o.b. Bangkok.
Rice (Thailand), 25% broken, WR, milled indicative survey price, government standard, f.o.b. Bangkok.
Rice (Thailand), 100% broken, A.1 Super from 2006 onwards, government standard, f.o.b. Bangkok.
Rice (Vietnam), 5% broken, WR, milled, weekly indicative survey price, Minimum Export Price, f.o.b. Hanoi.
Sorghum (U.S.), no. 2 milo yellow, f.o.b. Gulf ports.
Wheat (U.S.), no. 2 hard red winter Gulf export price.
Wheat (U.S.), no. 2, soft red winter, export price delivered at the US Gulf port for prompt or 30 days shipment.
Bananas (Central & South America), major brands, free on truck (f.o.t.) Southern Europe, including duties.
Bananas (Central & South America), major brands, US import price, free on truck (f.o.t.) US Gulf ports.
Beef (New Zealand), 90% chemical lean, c.i.f. U.S. imported.
Chicken (Brazil), São Paulo State consolidated average wholesale price of frozen chicken.
Lamb (New Zealand), flaps, in-market frozen lamb cuts, c.i.f. China imported.
Oranges (Mediterranean exporters) navel, EEC indicative import price, c.i.f. Paris.
Shrimp, (U.S.), brown, shell-on, headless, in frozen blocks, source Gulf of Mexico, 26 to 30 count per pound, wholesale US .
Sugar (EU), European Union negotiated import price for raw unpackaged sugar from African, Caribbean and Pacific (ACP), c.i.f. European ports.
Sugar (U.S.), nearby futures contract, c.i.f.
Sugar (World), International Sugar Agreement (ISA) daily price, raw, f.o.b. and stowed at greater Caribbean ports.
Logs (Africa), sapele, high quality (loyal and marchand), 80 centimeter or more, f.o.b. Douala, Cameroon.
Logs (Southeast Asia), meranti, Sarawak, Malaysia, sale price charged by importers, Tokyo.
Plywood (Africa and Southeast Asia), Lauan, 3-ply, extra, 91 cm x 182 cm x 4 mm, wholesale price, spot Tokyo.
Sawnwood (Africa), sapele, width 6 inches or more, length 6 feet or more, f.a.s. Cameroonian ports.
Sawnwood (Southeast Asia), Malaysian dark red seraya/meranti, select and better quality, average 7 to 8 inches; length average 12 to 14 inches; thickness 1 to 2 inches; kiln dry,
c. & f. UK ports, with 5% agents commission including premium for products of certified sustainable forest.
Cotton (Cotton Outlook "CotlookA index"), middling 1-3/32 inch, traded in Far East, C/F.
Rubber (Asia), RSS3 grade, Singapore Commodity Exchange Ltd (SICOM) nearby contract.
Rubber (Asia), TSR 20, Technically Specified Rubber, SICOM nearby contract.
DAP (diammonium phosphate), spot, f.o.b. US Gulf.
Phosphate rock , f.o.b. North Africa.
Potassium chloride (muriate of potash), granular spot, CFR Brazil.
TSP (triple superphosphate), spot, import US Gulf.
Urea, (E. Europe), prill spot f.o.b. Middle East.
Aluminum (LME) London Metal Exchange, unalloyed primary ingots, standard high grade, physical settlement.
Copper (LME), standard grade A, cathodes and wire bar shapes, physical settlement.
Iron ore (any origin) fines, spot price, c.f.r. China, 62% Fe.
Lead (LME), refined, standard high grade, physical settlement.
Nickel (LME), cathodes, standard high grade, physical settlement.
Tin (LME), refined, standard high grade, physical settlement.
Zinc (LME), refined, standard special high grade, physical settlement.
Gold (UK), 99.5% fine, London afternoon fixing, average of daily rates.
Platinum (UK), 99.9% refined, London afternoon fixing.
Silver (UK), 99.9% refined, London afternoon fixing.
For changes since July 2022, see below. For detailed changes, see the monthly excel file ("Description" tab):
** July 2022: Wheat, U.S., SRW data corrected from January 2022
August 2022: Natural gas, Europe corrected for May and June 2022
October 2022: Coal (South Africa) from June 2022 are World Bank estimates.
November 2022: Replacement series for Lamb from August 2010 and Coal (Australia) from February 2022
December 2022: Rubber TSR20 replaces Rubber RSS3 in Other Raw Materials index from October 2018
February 2023: Groundnut oil, see changes in description. Coal (S. Africa) from July 2022, World Bank estimates updated.
March 2023: Coal (S. Africa), June to November 2022 are estimates based on similar benchmarks, December 2022 to February 2023 replaced with source data.
April 2023: Potassium chloride changed from Vancouver to Brazil from January 2020; Groundnut oil corrected for February 2023
May, July to October 2023, January to April 2024: Coal (S. Africa), March, April, June - September, December 2023, January-March 2024 are estimates based on similar benchmarks
December 2023: Replacement series for Beef and Chicken from September 2021. Note the changes in the Non Energy, Agriculture, Food, and Other Food Indexes from 2021 onwards
April 2024: Coffee (Arabica), Cotton, Kolkata tea, and Metal prices updated for February 2024
July 2024: Replacement series for Lamb from January 2020 and Beef from January 2024
January 2025: Some oilseed November prices have updated entries while December prices are World Bank estimates. Some oilseed series have been replaced.
Sources:
Africa Tea Brokers Limited, AgriHQ, Bloomberg, Bloomberg L.P. - Green Markets, Food and Agricultural Organization, International Coffee Organization, International Tropical Timber Organization, Internatonal Sugar
Organization, International Tea Committee, Japan Lumber Journal, Meat & Livestock Australia, Meat Trade Journal, Nova Media Publishing Inc., Official Statistics of Japan, S&P Global, Statistisches Bundesamt, Tea
Board India, Tea Exporters Association Sri Lanka, Urner Barry, U.S. Department of Agriculture, World Bank.
Contact:
Prospects Group
The World Bank
1818 H St N.W.
Washington, DC, 20433 USA
commodities@worldbank.org
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