Select World Bank Commodity Price Data (Monthly)

Description

A data set on select, monthly commodity prices made available by the World Bank in its so-called "pink sheet." These data are potentially useful for applications on data gathering, inflation adjustments, indexing, cointegration, general economic riff-raff, and more.

Usage

commodity_prices

Format

A data frame with the following 11 variables.

date

a date

oil_brent

crude oil, UK Brent 38 API ($/bbl)

oil_dubai

crude oil, Dubai Fateh 32 API for years 1985-present; 1960-84 refer to Saudi Arabian Light, 34 API ($/bbl).

coffee_arabica

coffee (ICO), International Coffee Organization indicator price, other mild Arabicas, average New York and Bremen/Hamburg markets, ex-dock ($/kg)

coffee_robustas

coffee (ICO), International Coffee Organization indicator price, Robustas, average New York and Le Havre/Marseilles markets, ex-dock ($/kg)

tea_columbo

tea (Colombo auctions), Sri Lankan origin, all tea, arithmetic average of weekly quotes ($/kg).

tea_kolkata

tea (Kolkata auctions), leaf, include excise duty, arithmetic average of weekly quotes ($/kg).

tea_mombasa

tea (Mombasa/Nairobi auctions), African origin, all tea, arithmetic average of weekly quotes ($/kg).

sugar_eu

sugar (EU), European Union negotiated import price for raw unpackaged sugar from African, Caribbean and Pacific (ACP) under Lome Conventions, c.I.f. European ports ($/kg)

sugar_us

sugar (United States), nearby futures contract, c.i.f. ($/kg)

sugar_world

sugar (World), International Sugar Agreement (ISA) daily price, raw, f.o.b. and stowed at greater Caribbean ports ($/kg).

Details

All data are in nominal USD. Adjust (to taste) accordingly.

Data compiled by the World Bank for its historical data on commodity prices. The oil price data come from a combination of sources, supposedly Bloomberg, Energy Intelligence Group (EIG), Organization of Petroleum Exporting Countries (OPEC), and the World Bank. Data on coffee prices come from Bloomberg, Complete Coffee Coverage, the International Coffee Organization, Thomson Reuters Datastream, and the World Bank. Data on tea prices for Colombo auctions come the from International Tea Committee, Tea Broker's Association of London, Tea Exporters Association Sri Lanka, and the World Bank. Data on tea prices for Kolkata auctions come from the International Tea Committee, Tea Board India, Tea Broker's Association of London, and the World Bank. Tea prices for Mombasa/Nairobi auctions come from African Tea Brokers Limited, International Tea Committee, Tea Broker's Association of London, and the World Bank. EU sugar price data come from International Monetary Fund, World Bank. Sugar price data for the United States come from Bloomberg and World Bank. Global sugar price data come from Bloomberg, International Sugar Organization, Thomson Reuters Datastream, and the World Bank.

This data set effectively deprecates the sugar_price and coffee_price data sets in this package. Both may be removed at a later point.