Commodity Unit198019902000201020112012201320142015201620172018201920202025 EnergyCoal, Australian$/mt40.139.726.399.0120.995.0100.095.090.091.092.093.094.095.0100.0 Crude oil, avg, spot$/bbl36.922.928.279.0104.0105.7105.8106.5106.9107.2107.4107.7107.9108.2101.5 Natural gas, European$/mmbtu 4.2 2.8 3.98.310.511.511.211.111.010.910.810.710.610.510.0 Natural gas, US$/mmbtu 1.6 1.7 4.3 4.4 5.1 2.6 3.5 4.0 4.5 5.0 5.3 5.5 5.8 6.07.0 LNG, Japanese$/mmbtu 5.7 3.6 4.710.814.716.816.015.515.014.814.514.314.013.812.5 Non Energy CommoditiesAgricultureBeveragesCocoa¢/kg26012791313298240235230230229228227226225220 Coffee, Arabica¢/kg347197192432598425420415400398396394392390380 Coffee, robusta¢/kg32411891174241230200190185183182180179177170 Tea, auctions (3) ave¢/kg166206188288292275270270269269269269268268275 FoodFats and OilsCoconut oil$/mt6743374501,1241,7301,1801,1501,1501,1001,0901,0791,0691,0591,0491,000 Groundnut oil$/mt8599647141,4041,9882,4502,0001,9501,9001,8951,8901,8851,8801,8751,850 Palm oil$/mt5842903109011,1251,050970950900889879869859849800 Soybean meal$/mt262200189378398520450430410407404401398395380 Soybean oil$/mt5984473381,0051,2991,2501,2001,1001,0501,0451,0401,0351,0301,0251,000 Soybeans$/mt296247212450541600550530520519518517516515510 GrainsBarley$/mt788077158207240230215200198197195194192185 Maize$/mt12510989186292300270255250248246244242240230 Rice, Thai, 5%$/mt411271202489543550520510500498496494492490480 Wheat, US, HRW$/mt173136114224316310290280270270271271272272275 Other FoodBananas US $/mt3775414248689681,0501,000970950947944941938935920 Meat, beef¢/kg276256193335404410410360315317319321323325360 Meat, chicken¢/kg76108131189193207201201201202203203204204205 Oranges$/mt4005313631,033891850830860900902904906908910940 Shrimp¢/kg1,1521,0691,5151,0041,1939951,0051,0391,1001,1101,1201,1301,1401,1501,200 Sugar, world¢/kg63.227.718.046.957.348.045.040.038.037.737.437.136.836.535.0 Agricultural Raw MaterialsTimberLogs, Cameroonian$/cum252343275429485450455461475481488495497500525 Logs, Malaysian$/cum196177190278391360365370376382387393399405425 Sawnwood, Malaysian$/cum3965335958489398708758859029199379559741,0001,080 Other Raw MaterialsCotton A Index¢/kg206182130228333200210215220221222223224225230 Rubber, Malaysian¢/kg1428667365482335330325320318316314312310300 Tobacco$/mt2,2763,3922,9764,3334,4854,3304,2004,1004,0003,9593,9193,8793,8393,8003,850 FertilizersDAP$/mt222171154501619540500490480478476474472470460 Phosphate rock$/mt474144123185185170160150145140135130125105 Pottasium chloride$/mt11698123332435465450410380375369364359354330 TSP$/mt180132138382538470430425420415409404399394370 Urea$/mt192119101289421400390370350345339334329324300 Metals and MineralsAluminum $/mt1,7751,6391,5492,1732,4012,0002,3502,5002,6002,6502,7002,7252,7502,7752,900 Copper$/mt2,1822,6611,8137,5358,8287,9008,5008,0007,0006,5006,0006,1006,2006,3006,800 Iron ore $/dmt a/2833291461681281351201101009095100103115 Lead¢/kg918145215240200235255245235225220225230255 Nickel$/mt6,5198,8648,63821,80922,91017,10018,25018,00018,50019,00019,50020,00020,50021,00023,500 Tin¢/kg1,6776095442,0412,6052,0002,5002,7002,6002,5002,5252,5502,5752,6002,725 Zinc¢/kg76151113216219190230250240230220215220225250 Precious MetalsGold$/toz6083832791,2251,5691,6501,6001,4001,2001,1001,0001,0251,0501,0751,200 Silver c/toz2,0804834952,0153,5223,0002,9002,8002,4002,1001,8001,8251,8501,8752,000 Platinum$/toz6794725451,6101,7191,5001,4501,4001,2001,0509009159309401,000 a/ iron ore unit for years 1980 to 2005 is cents/ dmtu, thereafter is $/dmt.Source: World Bank, Development Prospects Group./prospects/commoditiesNext update: January 2013Commodity Unit198019902000201020112012201320142015201620172018201920202025 EnergyCoal, Australia$/mt52.741.029.487.698.378.881.475.770.469.969.468.968.568.065.4 Crude oil, average$/bbl48.423.731.670.084.687.686.184.883.582.381.079.878.677.466.3 Natural gas, Europe$/mmbtu 5.5 2.9 4.37.38.59.59.18.88.68.48.17.97.77.5 6.5 Natural gas, US$/mmbtu 2.1 1.8 4.8 3.9 4.1 2.2 2.8 3.2 3.5 3.8 4.0 4.1 4.2 4.3 4.6 LNG, Japan$/mmbtu7.5 3.8 5.39.611.913.913.012.311.711.310.910.610.29.88.2 Non-Energy CommoditiesAgricultureBeveragesCocoa¢/kg342131101277242199191183180176172168165161144 Coffee, arabica¢/kg455204215383486352342331313306299292285279248 Coffee, robusta¢/kg426122102154196191163151145141137134130127111 Tea, auctions (3) average ¢/kg218213210255237228220215211207203199195192180 FoodFats and oilsCoconut oil$/mt8843485049951,406978936916860837814792771750654 Groundnut oil$/mt1,1279977991,2431,6162,0311,6281,5541,4851,4551,4261,3971,3691,3411,209 Palm oil$/mt766300347798915870790757704683663644625607523 Soybean meal$/mt344207212335324431366343321312305297290282248 Soybean oil$/mt7844633788901,0561,036977876821802784767750733654 Soybeans$/mt389255237398440497448422407398391383376368333 GrainsBarley$/mt1038386140168199187171156152149145141138121 Maize$/mt16411399165237249220203195190185181176172150 Rice, Thailand, 5%$/mt539280227433441456423406391382374366358350314 Wheat, US, HRW$/mt227140128198257257236223211208204201198195180 Other foodBananas, US$/mt495559475769787870814773743727712697683669601 Meat, beef¢/kg362265216297329340334287246243241238235232235 Meat, chicken¢/kg99112147168157172164160158155153151148146134 Oranges$/mt525549407915724705676685704693682672661651614 Shrimp¢/kg1,5111,1061,696889970825818828860852845837830823784 Sugar, world¢/kg82.928.620.241.646.639.836.631.929.728.928.227.526.826.122.9 Agricultural raw materialsTimberLogs, Cameroon$/cum330355308379394373370367371370368367362358343 Logs, Malaysia$/cum257183213246317298297295294293292291291290278 Sawnwood, Malaysia$/cum520551666751764721712705705706707708709715706 Other raw materialsCotton¢/kg271188146202271166171171172170167165163161150 Rubber, Asia¢/kg1878975324392278269259250244238233227222196 Tobacco$/mt2,9863,5083,3323,8373,6463,5903,4193,2673,1273,0402,9562,8752,7962,7182,516 FertilizersDAP$/mt292177173443503448407390375367359351344336301 Phosphate rock$/mt614249109150153138127117111105100959069 Pottasium chloride$/mt152101137294354386366327297288279270262253216 TSP$/mt237136154338438390350339328318309300291282242 Urea$/mt252123113256342332317295274265256248240232196 Metals and MineralsAluminum $/mt2,3291,6951,7341,9241,9521,6581,9131,9922,0332,0352,0372,0202,0031,9851,895 Copper$/mt2,8632,7522,0306,6727,1776,5496,9186,3745,4724,9914,5264,5214,5154,5074,444 Iron ore $/dmt a/3734321291361061109686776870737375 Lead¢/kg1198451190195166191203192180170163164165167 Nickel$/mt8,5539,1679,66919,31218,62514,17714,85414,34114,46314,58914,71014,82414,92815,02315,357 Tin¢/kg2,2016296081,8072,1181,6582,0352,1512,0331,9201,9051,8901,8751,8601,781 Zinc¢/kg100157126191178158187199188177166159160161163 Precious MetalsGold$/toz7983973121,0841,2761,3681,3021,115938845754760765769784 Silver c/toz2,7305005541,7852,8642,4872,3602,2311,8761,6121,3581,3531,3471,3411,307 Platinum$/toz8914886101,4251,3981,2441,1801,115938806679678677672654 a/ iron ore unit for years 1980 to 2005 is cents/ dmtu, thereafter is $/dmt.Source: World Bank, Development Prospects Group./prospects/commoditiesNext update: January 2013Commodity Price Forecast UpdateReleased: September 10, 2012 Table 3: Weighted Indices of Commodity Prices and Inflation, 2005=100Actual ProjectionPrice indices in nominal US dollarsEnergy66.043.453.2144.7188.8188.2189.3190.0190.3191.1191.7192.3192.8193.4183.4 Non-energy commodities102.284.072.2173.9209.9190.3188.5182.1174.9172.0169.2169.7170.4171.0173.8 Agriculture119.690.578.7170.4209.0195.4184.9178.9174.5174.1173.7173.3172.9172.7171.5 Beverages157.790.576.8182.1208.2167.1162.0159.2156.6155.9155.2154.5153.8153.1150.7 Food124.690.676.6169.6210.1213.8197.9188.6181.7180.8179.9179.0178.1177.2173.6 Fats and oils120.482.376.6184.5222.7234.9213.6205.4196.9195.4194.1192.7191.3189.9183.3 Grains126.899.479.9171.8238.5242.9223.7214.1208.8207.7206.7205.6204.6203.6198.6 Other food128.093.673.8148.2167.8159.6154.0143.5137.4137.2137.1137.0136.8136.7138.1 Raw materials88.090.284.7166.3206.7164.9165.1165.3165.9166.9167.9168.9170.0171.6176.9 Timber68.182.390.9130.5153.5141.9143.1144.8147.5150.1152.8155.6158.4162.2173.8 Other Raw Materials109.998.977.9205.4264.8190.1189.2187.6186.1185.2184.3183.5182.6181.8180.3 Fertilizers89.165.467.0187.2267.0259.5245.4231.9219.8215.4211.2207.0203.0199.0180.6 Metals and minerals a/68.172.859.5179.6205.5172.1189.2183.1170.7162.8155.2158.2161.6164.3177.8 Base Metals b/73.978.163.0169.2193.2166.3184.9182.8171.0164.8159.1160.9163.4165.8178.0 Precious Metals162.781.363.6272.2371.9371.7360.2322.5276.4250.6224.8229.9234.9240.0265.3 Price indices in real 2005 US dollars c/Energy86.644.959.5128.1153.5156.1154.0151.4148.8146.7144.6142.5140.4138.4119.9 Non-energy commodities134.186.980.8154.0170.7157.8153.4145.1136.7132.0127.6125.8124.1122.3113.6 Agriculture156.993.688.1150.9169.9162.0150.5142.5136.4133.7131.0128.4125.9123.5112.1 Beverages207.093.686.0161.3169.3138.6131.9126.9122.4119.7117.1114.5112.0109.698.5 Food163.493.785.8150.2170.8177.2161.1150.3142.1138.8135.7132.7129.7126.8113.4 Fats and oils158.085.185.7163.4181.1194.7173.8163.6153.9150.1146.4142.8139.3135.9119.8 Grains166.4102.889.5152.1193.9201.4182.0170.6163.2159.5155.9152.4149.0145.7129.8 Other food167.996.882.6131.2136.4132.3125.3114.3107.4105.4103.4101.599.697.890.3 Raw materials115.593.394.8147.2168.0136.7134.4131.7129.7128.1126.6125.2123.8122.7115.6 Timber89.385.1101.8115.5124.8117.7116.4115.4115.3115.3115.3115.3115.4116.0113.6 Other Raw Materials144.2102.287.2181.9215.3157.6154.0149.5145.5142.2139.1136.0133.0130.1117.8 Fertilizers116.967.775.1165.7217.0215.1199.7184.8171.8165.4159.3153.4147.8142.4118.0 Metals and minerals a/89.475.366.6159.1167.0142.7154.0145.9133.4125.0117.1117.2117.7117.5116.2 Base Metals b/97.080.870.6149.8157.1137.9150.5145.6133.7126.6120.0119.3119.0118.6116.3 Precious Metals213.484.171.2241.1302.4308.2293.2256.9216.1192.4169.6170.4171.1171.7173.4 Inflation indices, 2005=100 d/MUV index e/76.296.789.3112.9123.0120.6122.9125.5127.9130.2132.6134.9137.3139.8153.0 % change per annum 2.4-0.8 2.48.9-1.9 1.9 2.2 1.9 1.8 1.8 1.8 1.8 1.8 1.8 US GDP deflator47.872.388.7111.0113.4115.5117.0119.5122.1124.7127.4130.2133.0135.9151.3 % change per annum 4.2 2.1 2.3 2.1 1.9 1.3 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2a/ Base metals plus iron ore.b/ Includes aluminum, copper, lead, nickel, tin and zinc.c/ Real price indices are computed from unrounded data and deflated by the MUV index.d/ Inflation indices for 2011-2025 are projections. Growth rates for years 1990, 2000 and 2010 refer to compound annual rate of change between adjacent end-point years;all others are annual growth rates from the previous year.e/ Unit value index of manufacture exports (MUV) in US dollar terms for fifteen countries (Brazil, Canada, China, Germany, France, India, Italy, Japan, Mexico, Republic of Korea,South Africa, Spain, Thailand, United Kingdom, and United States).Please see the MUV Index and its compilation methodology online.Source: World Bank, Development Prospects Group. Historical US GDP deflator: US Department of Commerce./prospects/commoditiesNext update: January 2013Commodity Group Share ofenergy and non-energy indicesShare of sub-group indicesShare of food indexEnergy100.0100.0Coal 4.7 4.7Crude Oil 84.684.6Natural Gas 10.810.8Non-energy Commodities 100.0Agriculture 64.9Food40.0100.0Cereals 11.3100.028.2Rice 3.430.28.5Wheat 2.825.37.1Maize b/ 4.640.811.5Barley0.5 3.7 1.2Vegetable Oils and Meals 16.3100.040.8Soybeans 4.024.610.1Soybean Oil 2.113.0 5.3Soybean Meal 4.326.310.7Palm Oil 4.930.212.3Coconut Oil 0.5 3.1 1.3Groundnut Oil c/0.5 2.8 1.1Other Food 12.4100.031.0Sugar 3.931.59.8Bananas 1.915.7 4.9Meat, beef 2.722.0 6.8Meat, chicken 2.419.2 6.0Oranges d/ 1.411.6 3.6Beverages 8.4100.0Coffee 3.845.7Cocoa 3.136.9Tea1.517.4Agricultural Raw Materials 16.5Timber8.6100.0Hardwood 8.6100.0Logs1.922.1Sawnwood 6.777.9Other Raw Matrials 7.9100.0Cotton1.924.7Natural Rubber 3.746.7Tobacco2.328.7Metals and Minerals31.6100.0Aluminum 8.426.7Copper 12.138.4Iron Ore 6.018.9Lead 0.6 1.8Nickel 2.58.1Tin 0.7 2.1Zinc 1.3 4.1Fertilizers3.6100.0Natural Phosphate Rock 0.616.9Phosphate 0.821.7Potassium 0.720.1Nitogenous1.541.3a/ The weights are based on 2002-04 export values of low- and middle-income countries; the data are taken from the United Nations'Comtrade Database via World Bank WITS system, Food and Agriculture Organization FAOSTAT, International Energy Agency, BP Statistical Review of World Energy, World Metal Statistics, World Bureau of Metal Statistics and World Bank staff estimates. b/ The maize weight includes sorghum.c/The groundnut oil weight includes groundnuts.d/ The oranges weight includes orange juice.Source: World Bank, Development Prospects Group./prospects/commoditiesNext update: January 2013Table 4: World Bank Commodity Price Index Weights a/Commodity Price Forecast UpdateReleased: September 10, 2012Note: Sum of components may not equal group total due to rounding.Source: World Bank, Development Prospects Group./prospects/commoditiesNext update: January 2013World Bank Commodity Price Indices: Groups and WeightsENERGY 100.0COAL 4.7CRUDE OIL84.6NATURAL GAS10.8NON-ENERGY100.0METALS 31.6AGRICULTURE64.8BEVERAGES8.4FOOD 40.0CEREALS11.2FATS & OILS16.3OTHER FOOD12.4AG. RAW MATERIALS16.5FERTILIZERS3.6Note:Please see the compilation methodology of the MUV Index online.Source : World Bank, Development Prospects Group./prospects/commoditiesThe MUV (unit value of manufacture) is a US dollar trade weighted index of manufactures exported from fifteen economies (Brazil, Canada, China, Germany, France, India, Italy, Japan, Mexico, Republic of Korea, South Africa, Spain, Thailand, United Kingdom, and United States).Released: September 10, 2012Next update: January 2013Commodity Price Forecast UpdateDescription of Price SeriesAluminum (LME) London Metal Exchange, unalloyed primary ingots, high grade, cash priceBananas (Central & South American), import price, free on truck (f.o.t.) US GulfBarley (Canada), feed, Winnipeg Commodity Exchange, whole sale farmers’ priceBeef (Australian/New Zealand), frozen boneless, 85% chemical lean, c.i.f. U.S. East CoastChicken meat (US) whole birds, broilers, Georgia Dock weighted average, wholesale priceCoal (Australian), thermal, f.o.b. Newcastle/Port KemblaCocoa (ICCO), International Cocoa Organization daily priceCoconut oil (Philippines/Indonesian), bulk, c.i.f. RotterdamCoffee (ICO), International Coffee Organization indicator price, other mild Arabicas, average New York and Bremen/Hamburg marketsCoffee (ICO), International Coffee Organization indicator price, Robustas, average New York and Le Havre/Marseilles marketsCopper (LME), grade A, cathodes and wire barCotton (“cotton outlook A” index), c.i.f. Far East; prior to 2006 c.i.f. Northern EuropeCrude oil, average spot price of Brent, Dubai and West Texas Intermediate, equally weighedDAP (diammonium phosphate), bulk, f.o.b. US GulfGold (UK), London afternoon fixingGroundnut oil (any origin), c.i.f. RotterdamIron ore, fines, spot, c.f.r. China 62% fe, in unit of US$/dmt; prior to 2006 (Brazilian) CVRD/Vale sinter feed, f.o.b. contract price to Europe, 66.5-68% fe, in unit of US¢/dmtuLead (LME), refined, settlement priceLogs (West African), sapele, high quality (loyal and marchand LM), f.o.b. CameroonLogs (Malaysian), meranti, Sarawak, Tokyo import priceMaize (US), no. 2, yellow, f.o.b. US Gulf portsNatural Gas (Europe), import border priceNatural Gas (U.S.), Henry Hub, LouisianaNatural Gas (LNG) (any origin), c.i.f. JapanNickel (LME), cathodesOranges (Africa & Mediterranean region), European indicative import price, c.i.f. ParisPalm oil (Malaysian), bulk, c.i.f. N. W. EuropePhosphate rock (Moroccan), 70% BPL, contract, f.a.s. CasablancaPotassium chloride, f.o.b. VancouverRice (Thai), 5% broken, white rice, milled, indicative survey price, f.o.b. BangkokRubber (Southeast Asia), RSS 3, nearby contract SICOM; prior to 2004 RSS 1 grade f.o.b.Sawnwood (Malaysian), dark red seraya/meranti, select and better quality, kiln dry, c. & f. UKShrimps (Mexico), frozen, white No. 1, 26-30 count per pound, wholesale, New YorkSilver (Handy & Harman), refined, New YorkSoybean meal (any origin), c.i.f. RotterdamSoybean oil (Dutch), crude, f.o.b. ex-millSoybeans (US), c.i.f. RotterdamSugar (world), International Sugar Agreement daily price, raw, f.o.b. Caribbean portsTea, average of quotations at Calcutta, Colombo and Mombasa/NairobiTin (LME), refined, settlement priceTobacco (any origin) total unmanufactured US import unit value, twelve-months-rolling-averagesTSP (triple super-phosphate), bulk, f.o.b. US GulfUrea, (varying origins), bagged, f.o.b. Eastern EuropeWheat (US), no. 1, hard red winter, export GulfZinc (LME), special high grade, settlement price。