COMMODITIES – Commodity means a fungible good, meaning that the product is the same regardless of who produces it. A commodity must be easily storable and can be stored over time, that is, it does not lose its original characteristics.
Due to the absence of differences between commodities, a commodity is easily tradable on international markets. The price of a commodity is determined by the market and usually are agricultural products or unprocessed commodities such as gold, salt, sugar, coffee.
The most important commodities are Energy, Cereals, Metals, Meat, Colonial and tropical products, Fibers and building timber.
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