Chapter

Appendix II Description of Prices

Author(s):
International Monetary Fund
Published Date:
January 1986
Share
  • ShareShare
Show Summary Details
Food
Cereals
WheatU.S. No. 1, hard red winter ordinary protein, prompt shipment, f.o.b., delivered U.S. Gulf ports (USDA, Grain and Feed Market News, Washington, D.C.).1
MaizeU.S. No. 2 yellow, prompt shipment, delivered U.S. Gulf ports, f.o.b. (USDA, Grain and Feed Market News, Washington, D.C.).1
RiceThailand white milled 5 percent broken, f.o.b., Bangkok (USDA, Rice Market News, Little Rock, AR).1
Vegetable oils and protein meals
SoybeansU.S., c.i.f. Rotterdam (Oil World, Hamburg).1
Soybean meal44 percent U.S., c.i.f. Rotterdam (Oil World, Hamburg).1
Soybean oilAll origins: f.o.b. ex-mill, Dutch ports (Oil World, Hamburg). Prior to April 1973, crude oil, Dutch, ex-tank, nearest forward shipment, c.i.f. Rotterdam.
Palm oilSumatra/Malaysia, nearest forward shipment, c.i.f. N.W. Europe (Oil World, Hamburg).1 Prior to 1974 UNCTAD.2
Coconut oilPhilippines/Indonesia: bulk, nearest forward shipment, c.i.f. Rotterdam (Oil World, Hamburg).
FishmealAll origins: 64-65 percent, nearest forward shipment, c. & f. Hamburg (Oil World, Hamburg).1 Prior to 1964, FAO estimate, Peruvian.
Groundnut oilAny origin, c.i.f. Rotterdam. Prior to 1974 Nigeria bulk c.i.f. U.K. (Oil World, Hamburg).1
Groundnut mealArgentine origin, 48/50 percent nearest forward shipment, c.i.f. Rotterdam (Oil World, Hamburg). Prior to 1981 the estimation of unavailable Argentine groundnut meal price was approximated by multiplying the actual Indian prices (48 percent protein, Indian origin, c.i.f. Rotterdam) by the ratio of the average Argentine and Indian prices.1
Meat
BeefU.S. imported frozen boneless from Australia and New Zealand, 85 percent visible lean cow meat, import price, f.o.b. port of entry. Prior to December 1975, 90 percent visible (The Yellow Sheet, Daily Market and News Service, Chicago, Illinois).3
LambNew Zealand PL, Smithfield Market, London (from October 1985, New Zealand Meat Producers Board, London, prior to October 1985 Financial Times, London). Prior to October 1976, New Zealand D’s (Financial Times, London).3
Sugar
Free marketI.S.A. price calculated in accordance with Economic Rule 611.3, which is an average of the New York contract No. 11 spot price and the London daily price, f.o.b. Caribbean ports. Prior to 1976, contract No. 11, f.o.b. Caribbean and Brazilian ports, spot N.Y. (Journal of Commerce, New York and Financial Times, London).3
United StatesU.S. futures import price contract No. 12, c.i.f. New York, nearest future month (Wall Street Journal and Dow Jones). 3 Prior to June 1985 U.S. spot import price, contract No. 12, c.i.f. New York (Journal of Commerce, New York and Weekly Review of the Market, Coffee, Sugar, and Cocoa Exchange, Inc., New York). 3
European CommunityEC import price: Unpacked sugar, c.i.f. European ports. Negotiated export price from ACP countries to EC under the Sugar Protocol (Lome Convention). (EC Delegation, Washington, D.C).
BananasCentral America and Ecuador, fresh, U.S. ports. (U.S. Bureau of Labor Statistics, Washington, D.C.)2
Beverages
Coffee
Other mild arabicaArithmetic average of El Salvador Central Standard, Guatemala prime washed, Mexico prime washed, prompt shipment, ex-dock, New York, c.i.f. (Patton’s Coffee Coverage, New York).3
RobustaArithmetic Average of Angola Ambriz 2 BB, Côte d’Ivoire Grade II (from July 1982) and Uganda Standard. Prompt shipment, ex-dock, New York, c.i.f. Prior to July 1982, arithmetic average of Angolan Ambriz and 2 AA and Ugandan Native Standard, ex-dock, spot New York (Patton’s Coffee Coverage, New York).3
Cocoa beansInternational Cocoa Organization daily price. Average of the daily prices of the nearest three active future trading months in the New York Cocoa Exchange at noon and the London Terminal market at closing time, c.i.f. U.S. and European ports (Financial Times, London).3
TeaLondon auction price, c.i.f. average all teas, U.K. warehouses, c.i.f. (International Tea Committee, London).1
Agricultural raw materials
LogsPhilippines: Lauan for plywood and veneers, length over 6.0 m., diameter over 60 cm. Average wholesale price, Japan, (World Bank).
Cotton
MediumMidd. 1-3/32”, Liverpool Index “A”, average of the cheapest five of ten styles; from January 1968 to May 1981 Medium staple, SM 1-1/16”; prior to 1968, Mexican SM 1-1/6”, c.i.f. Liverpool (Cotton Outlook, Liverpool).1
LongEgyptian: extra long staple, Giza, 70/77 F.G., c.i.f. (from Nov. 1985); 77 F.G. from December 15, 1983 to October 1985; 77/68 F.G. from December 1982 to December 14, 1983; 68/77 F.G. from November 1981 to November 1982; prior to November 1981, 68 F.G., c.i.f. Liverpool (Cotton Outlook, Liverpool).1
Wool
FineU.K. Dominion, 64’s clean, dry combed basis, Bradford Grade (UNCTAD).2
CoarseU.K. Dominion, 50’s clean, dry combed basis, Bradford Grade (UNCTAD).2
Natural rubberMalaysian, No. 1 RSS, prompt shipment, f.o.b., Malaysian/Singapore ports (Financial Times, London).3
TobaccoUnited States: Average estimated prices received by producers for cigarettes, cigar fillers, and cigar binder tobacco. Mid-month (IFS).
HidesU.S. wholesale dealer’s price packer’s heavy native steers, over 53 lbs. (formerly over 58 lbs.), Chicago, f.o.b. shipping point (U.S. Bureau of Labor Statistics, Washington, D.C.).2
JuteRaw Bangladesh BWD, f.o.b., Chittagong-Chalna (UNCTAD).2
SisalEast African, U.G., c.i.f., European ports (UNCTAD).2
Metals and Phosphate Rock
CopperLondon Metal Exchange, higher grade, wirebars, or cathodos, spot, c.i.f. European ports, London (Journal of Commerce, New York and Metals Week, New York).
AluminumLondon Metal Exchange, minimum purity 99.5 percent, spot cash, c.i.f. U.K. Prior to 1979, U.K. producer price minimum purity 99 percent (Wall Street Journal, New York, and Metals Week, New York).2
Iron OreBrazil: Itabira Standard Sinter Feed, c.i.f., 61.5 percent iron, German ports. Prior to 1965 Liberia, Nimba 27 percent fines, c.i.f. North Sea ports (Preise und Preisindices für die Ein-und-Ausfuhr).2
TinLondon Metal Exchange, standard grade, spot, c.i.f., European ports, London (Wall Street Journal, New York, and Metals Week, New York).3
NickelLondon Metal Exchange, melting grade, spot, c.i.f. North European ports (Wall Street Journal, New York, and Metals Week, New York).2 Prior to 1980 INCO, Melting Grade, c.i.f. Far East and American Price (Metal Bulletin, London).2
ZincLondon Metal Exchange, c.i.f., 98 percent pure, spot London (Wall Street Journal, New York, and Metals Week, New York).3
LeadLondon Metal Exchange, 99.97 percent pure, spot, c.i.f. European ports (Wall Street Journal, New York, and Metals Week, New York).3
Phosphate rockMoroccan: 72 percent TPL, FAS Casablanca (World Bank).

    Other Resources Citing This Publication