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Commodity Definition

–noun, plural -ties.
1. an article of trade or commerce, esp. a product as distinguished from a service.
2. something of use, advantage, or value.
3. Stock Exchange. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals.
4. Obsolete. a quantity of goods.

From Dictionary

Related topics from Britannica

  • commodity trade
    the international trade in primary goods. Such goods are raw or partly refined materials whose value mainly reflects the costs of finding, gathering, or harvesting them; they are traded for ...
  • commodity exchange
    organized market for the purchase and sale of enforceable contracts to deliver a commodity such as wheat, gold, or cotton or a financial instrument such as U.S. Treasury bills or Eurodollars at some ...
  • Economic Affairs
    Investment success depended heavily on positioning in energy, and in June the energy sector was the strongest, recording a gain of 7.4% for the month. By August the impact of higher energy prices was ...
  • Economic Affairs
    Mined commodities traded strongly throughout 2003. Volatile stock markets, a weakening U.S. dollar, and increasing worries about the war with Iraq lifted the price of gold to a seven-year high, ...
  • Economic Affairs
    Prices trended up over the year, boosted by demand for raw materials from China. After more than a decade of relatively low prices for their goods, minerals and metals producers enjoyed an ...
  • Mining
    On the London Metal Exchange (LME)--the world's principal terminal market for aluminum, copper, lead, nickel, zinc, and tin--stocks of metal at the start of 1994 were very high, supplies plentiful, ...
  • Mining
    Since 1991 Russia and China had exerted major influences on the mineral commodity markets, probably affecting Western economies to an extent they were never able to achieve at the height of the Cold ...
  • market
    The general run of agricultural commodities is produced under competitive conditions by relatively small-scale cultivators scattered over a large area. The final purchasers are also scattered, and ...
  • Economic Affairs
    The sharp gains seen in commodity prices during 1994 were partly reversed during 1995. Economic slowdown in the developed world and lack of speculative activity were the main reasons for the ...
  • Economic Affairs
    Commodity prices fell by 25% over the year and were at their lowest for more than 20 years. The price of North Sea Brent crude, used as a benchmark for global oil prices, averaged $13 a barrel, its ...

    • Related articles from Findarticles

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    January 1, 2008 -- Committee Actions The Committee met on the above date. The minutes and agenda were approved. Fruit and Fruit Products David Hammond, General...
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    • Related links from Blogs

  • RGE - Commodity Headwinds
    The reduction in global commodity demand is now providing headwinds for shipping. The Commodity boom of recent years sparked a global trade and shipping boom, reflected in the surge in the Baltic Dry Index which almost doubled between ...
  • Inflation falls to 8.9% as oil, commodity prices decline - Economy ...
    Inflation falls to 8.9% as oil, commodity prices decline, RBI has cut its benchmark lending rate twice in the past month, lowering it to 7.5% from a seven-year high of 9%, Economy and Politics.
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    'We're really not looking at any growth...or any bounce in those commodities until mid next year, and I think that's when we're going to see growth but it's certainly going to be very slow growth,' Mr Weston said. ...
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  • WashingtonWatch.com - S. 3691, A bill to amend the Commodity ...
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  • Tea e-auction gets underway
    Union minister of State for Commerce & Power Jairam Ramesh on Wednesday launched the world’s first electronic auction of tea here.
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