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World Bank Commodity Price History
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About
This dataset offers a collection of select, monthly commodity prices compiled by the World Bank from 1960 to 2022, often referred to as its "pink sheet" data. It is a valuable resource for tasks involving data gathering, adjusting for inflation, indexing, co-integration analysis, and general economic study. All price data are presented in nominal US Dollars.
Columns
- date: Represents the specific date for the recorded commodity price.
- oil_brent: Provides the price of crude oil, specifically UK Brent 38' API, in US dollars per barrel ($/bbl).
- oil_dubai: Shows the price of crude oil, Dubai Fateh 32 API, in US dollars per barrel ($/bbl). For the years 1960-1984, this column refers to Saudi Arabian Light, 34' API.
- coffee_arabica: Details the International Coffee Organization (ICO) indicator price for other mild Arabica coffees, an average from New York and Bremen/Hamburg markets, ex-dock, in US dollars per kilogram ($/kg).
- coffee_robustas: Contains the ICO indicator price for Robusta coffees, an average from New York and Le Havre/Marseilles markets, ex-dock, in US dollars per kilogram ($/kg).
- tea_columbo: Displays the price of tea from Colombo auctions (Sri Lankan origin), representing all tea, as an arithmetic average of weekly quotes in US dollars per kilogram ($/kg).
- tea_kolkata: Presents the price of leaf tea from Kolkata auctions (India), including excise duty, as an arithmetic average of weekly quotes in US dollars per kilogram ($/kg).
- tea_mombasa: Indicates the price of African origin tea from Mombasa/Nairobi auctions, representing all tea, as an arithmetic average of weekly quotes in US dollars per kilogram ($($/kg).
- sugar_eu: Shows the European Union negotiated import price for raw unpackaged sugar from African, Caribbean, and Pacific (ACP) countries under Lome Conventions, c.i.f. European ports, in US dollars per kilogram ($/kg).
- sugar_us: Lists the price for nearby futures contracts of sugar in the United States, c.i.f., in US dollars per kilogram ($/kg).
- sugar_world: Provides the International Sugar Agreement (ISA) daily price for raw sugar, f.o.b. and stowed at greater Caribbean ports, in US dollars per kilogram ($/kg).
Distribution
The dataset is provided in CSV format and contains 12 columns. It comprises 756 records, covering monthly data from 1 January 1960 to 1 December 2022. The file size is 83.5 kB.
Usage
This dataset is ideally suited for economic analysis, market trend forecasting, historical research into commodity price movements, inflation adjustments, creating economic indices, and performing cointegration studies. It can be particularly useful for understanding long-term price dynamics of key global commodities.
Coverage
The dataset spans a time range from January 1960 to December 2022, providing monthly data. Geographic coverage is global, with prices sourced from various international markets and origins, including the UK, Dubai, Saudi Arabia, New York, Bremen/Hamburg, Le Havre/Marseilles, Sri Lanka (Colombo), India (Kolkata), Africa (Mombasa/Nairobi), the European Union, the United States, and greater Caribbean ports. A specific note for
oil_dubai is that data for 1960-1984 refers to Saudi Arabian Light oil.License
CC0: Public Domain
Who Can Use It
Economists, financial analysts, market researchers, academic institutions, and data scientists would find this dataset valuable for various applications. It supports studies on macroeconomic trends, supply and demand dynamics, and the impact of global events on commodity markets.
Dataset Name Suggestions
- Global Commodity Prices: Monthly Data (1960-2022)
- World Bank Commodity Price History (1960-2022)
- World Commodity Prices Dataset: Monthly Prices of Select Commodities (1960-2022)
Attributes
Original Data Source: World Bank Commodity Price History
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