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What is Commodity
Commodity is a term for the product (goods) or raw materials, which is traded on the market without a difference in quality.

Commodity is a term for the product (goods) or raw materials, which is traded on the market without a difference in quality.

Commodity in practice: Commodities may be due to its characteristics of mutually substitutable, easy price competitive (when purchasing commodities the price in particular is compared - quality is assumed constant). Products such as raw materials (such as gold, copper) or farming products (wheat, corn, rice, etc.) are traded commodities.

Related terms and methods:

Related management field:

  • Procurement
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Last update: 11.09.2017

Comments

Lue Sow 23 days

Thank you for the share.
Trading commodities is simple with CFDs as you get a wide range of markets and trade on margin. You can search more about CFD commodity trading.

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