COMMODITIES

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Commodities are economic goods or items that are exchanged sourced, processed, exchanged within the cycle of international trade market. They can be classified into two broad categories, namely “Hard’ and ‘Soft’ commodities. The ‘Hard’ commodities are naturally existing minerals that needs to be mined or extracted from the earth. Examples include energy materials such as coal, uranium, crude oil and natural gas, precious metals  such as gold and silver and basic metals such as iron, steel and aluminium. The ‘Soft’ commodities, on the other hand, include agricultural products such as crops and livestock. Examples include corn, coffee, soybeans, beef and milk.

TOP 10 MOST TRADED COMMODITIES

Here we have come  up with the list of most traded commodity in the world

1. Crude oil
2. Coffee
3. Natural Gas
4. Gold
5.  Silver
6. Sugar
7. Corn
8. Wheat
9. Soybean
10. Cotton

Crude oil is the top most traded commodity. It is a naturally occurring, unrefined petroleum product that  can be refined to produce usable products such as gasoline, diesel, and various other forms of petrochemicals materials.

People also ask what is the:

Most traded commodities 2020

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Most traded commodities in the world

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Most used commodity in the world

 

See also:

Global Commodity and Goods Trade


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