What does IMF Nonfuel Commodity Index mean?
An index based on specified non-fuel commodities: agricultural raw materials, beverages, food, and industrial metals plus some energy sources including coal. It does not include crude oil or precious metals such as Gold.
Futures Knowledge Explains IMF Nonfuel Commodity Index
The Index of non-fuel commodities has been developed and is maintained by the International Monetary Fund. The index takes into account prices that represent the global market of the commodities as reflected by their largest exporters. The index is a weighted average index with base year 2005 =100. The value of index was 139 at the May 2015 end.