Commodity price fluctuations, along with the globalisation of the world economy have led to profound changes that seriously affect the weaker economies of the developing world.
Commodity Price Fluctuation by Industry Since 1985
In 1985 the price of bananas was about $350 per metric ton. The price rose slightly to about $400 per metric ton in 1986. The price of bananas in 1987 was approximately $450 per metric ton and rose again to nearly $600 in 1989. The price of bananas dipped slightly to about $590 in 1990.
Banana prices rose slightly to just over $600 per metric ton in 1991. The price of bananas dipped in 1992 to about 550 per metric ton and continued to taper off to around $500 in 1993, $475 in 1994, and $450 in 1995.
Banana prices rose in 1996 to about $475 per metric ton and again in 1997 to about $550. The price fell slightly to around $525 in 1998. The price of bananas plunged to the lowest in the last two decades in 1999 when it fell to $374 per metric ton.
The price of bananas immediately began rising to around $450 in 2000 and reached almost $600 per metric ton in 2001. The price of bananas dropped in 2002 to about $575 per metric ton and plunged again in 2003 to about $400. Banana prices rose steeply in 2004 back up to about $575 per metric ton.
Banana prices in 2005 rose back up to about $600 per metric ton and rose again in 2006 to about $700. The price of bananas fell in 2007 but remained over $650 per metric ton, then rose sharply to over $850 in 2008. Prices rose again to reach $859 in 2009.
Rice Prices (In US Dollars per Metric Ton)
The price of rice in 1985 was about $250 per metric ton. The price dipped to about $150 in 1986. Rice rose rapidly, and in 1989 the price was more than $300. The price of rice in 1987 was above $250. The price of rice in 1988 was about $300. The price of rice in 1989 rose to more than $300.
The price of rice in 1990 was about $275 per metric ton. The price rose to about $300 in 1991. Rice fell steadily in 1992 and 1993 to just over $200. The price of rice in 1994 was a little under $300. The price of rice in 1995 was about $400. The price of rice in 1996 fell to about $340. The price fell again to about $300 in 1997 and rose to about $325 for rice in 1998. In 1999 and 2000, the price of rice plunged to below $200 and fell again in 2001 to the low of $173.
Rice prices rose steadily through 2001, 2002, 2003, 2004, 2005, 2006, and 2007 until the price reached about $375. Prices skyrocketed in 2008 to a peak of $722, after which the price of rice fell to about $625 in 2009.
Soybeans Prices (In US Dollars per Metric Ton)
In 1985 soybeans sold for just under $200 per metric ton. That price fell to about $175 in 1986, and the price of soybeans rose in 1987 and 1988 to about $300. The price of soybeans fell in 1989 and ended up at about $225 in 1990.
The price of soybeans remained between about $200 and $225 for the years of 1991, 1992, 1993, 1994, and 1995. The price of soybeans rose sharply to about $300 per metric ton in 1986. Soybeans’ price fell through 1987, 1988, and 1989, then remained steady through 2000 at about $210 per metric ton.
The price of soybeans plunged to its low of $173 per metric ton in 2001, and then rose to over $250 in 2002. The price of soybeans downtrended through 2003, 2004, 2005, and 2006 back to about $200 per metric ton. In 2007 the price of soybeans skyrocketed again to almost $350 per metric ton and continued to rise in 2008 to its peak of over $450. The price of soybeans fell in 2009 to just offer $350 per metric ton.
Tea Prices in US Dollars per Metric Ton
The price of tea in 1985 was just over $150 per metric ton. The price rose then fell to its two-decade low of $160.21 in1987. Tea prices fluctuated with a slight rise until 1995 when the price was about $200. The price of tea rose significantly in 1996, 1997, 1999, and 2000 when the price of tea was about $250 per metric ton. In 1998 the price had fallen slightly but not enough to upset the uptrend at about $230 per metric ton. In 2001 the price of tea fell to about $200 per metric ton, and then had a rising trend through 2002, 2003, 2004, 2005, 2006, and 2007, when it was over $250 per metric ton. The price of tea rose sharply in 2008 and again in 2009, ending at a high of $374.41 per metric ton.
Wheat Prices in US Dollars per Metric Ton
The price of wheat in 1985 was about $125. The price of wheat hit a two-decade low in 1986 at $103.62. The price of wheat had sharp ups and downs, peaking at $326.54 in 2007 and fell again to about $200 in 2009.
Corn Prices in US Dollars per Metric Ton
Corn hit its low in 1986 at $66.14. The high price for corn occurred in 2008 at $233.91.
Olive Oil Prices in US Dollars per Metric Ton
Olive Oil was at its low in 1985 at $1963.39. The high price for olive oil occurred in 1996 at $5925.11.
Oranges Prices in US Dollars per Metric Ton
Oranges hit their low in 2000 at $364.71. The high price for oranges occurred in 2007 at $1033.48.
Peanuts Prices in US Dollars per metric Ton
Peanuts hit their low in 1987 at $580. The high price for peanuts occurred in 2008 at $1572.73.
Beef Prices in US Cents per Pound
Beef hit its low in 1998 at $0.7505. The high price for beef occurred in 2008 at $1.2940 cents per pound.
Chicken Prices in US Cents per Pound
Chicken hit its low in 1985 at about $0.38. The high price for chicken occurred in 2008 at just over $0.90 cents per pound.
Lamb Prices in US Cents per Pound
Lamb hit its low in 1986 at $0.8362. The high price for lamb occurred in 2008 at $1.70 cents per pound.
Pork Prices in US Cents per Pound
Pork hit its low in 2002 at $0.3666. The high price for pork occurred in 1987 at $1.3907 cents per pound.
Coffee Prices in US Cents per Pound
Coffee hit its low in 2001 at $0.2376. The high price for coffee occurred in 1994 at $1.8295 cents per pound.
Posted by: admin Tags: