commodity trade
Raw materials market
Commodity trade is the buying and selling of raw materials and primary goods—oil, wheat, copper, coffee, gold.
These are typically fungible products where one unit is interchangeable with another of the same grade.
Commodity trades happen on specialized exchanges or through direct contracts between producers and buyers: The country's economy depends heavily on commodity trade.
- supply and demandPrice-determining economic forces
- crude oilUnrefined fossil fuel
- oilSlippery viscous fluid
- arbitrageExploiting price discrepancies
- natural gasSubterranean hydrocarbon fuel
barrel of oil · derivatives · metals · futures contracts · hedging · speculation · clearinghouses · agriculture · grains · precious metals · global supply chains · market volatility · spice · tea · price fixing · energy · salt · broker
- Global Economicseconomic development, economic growth, economic policy, economic unions, GDP
- international tradecustoms, tariffs, freight, exports, imports
- historical tradebarter, Silk Road, bartering, barter system, marketplaces
- tradecustoms, commerce, export, exports, quotas
- tradingbid, buy, ask, sell, trading
- Coffee HistoryBrazil, Colombia, Ethiopia, Yemen, Parisian cafes
commodity traderetail trade
Selling goods to buyers
retail · direct-to-consumer · couture · e-commerce · personal shopping
commodity tradeservices
Acts performed for others
service sector · service industry · professional services · financial services · consulting