is any homogenous good traded in bulk on an exchange.
Grain, precious metals, electricity, oil, beef, orange
juice, and natural gas are traditional examples of
The National Commodity
Exchanges recognized by the Central Government permits
commodities which include precious (gold and silver)
and non-ferrous metals, cereals and pulses, ginned and
un-ginned cotton, oilseeds, oils and oilcakes, raw jute
and jute goods, sugar and gur, potatoes and onions, coffee
and tea, rubber and spices etc.
The terms commodity
market, commodities market and future(s) market mean
the same thing and can be/are used interchangeably.
There are a number
of specific commodities and commodity groupings. Examples
of different commodities market groupings or families
include the following:
Agricultural commodities include
raw "grains" like corn, oats and wheat.
In the metals commodity market,
gold, silver, copper, platinum, aluminum, etc are some
of the main raw metal commodities.
Meat commodities are raw products
like pork bellies and live cattle.(Bacon comes from
'Soft' commodities, including Orange
Juice, Coffee, Sugar and Lumber.
Energy commodities, including Crude
Oil, Gasoline,Heating Oil.
Financial commodities include
Treasury Bills, T-Bonds and Currencies.
Some of the current Commodity
rates are given below: