Commodities is a word in English, it is the plural of commodity which means commodity. This word is used to describe products with low added value.
Commodities are commodities, goods that do not undergo alteration processes (or that are little differentiated), such as fruits, vegetables, cereals and some metals. As they follow a certain pattern, the price of commodities is traded on the International Stock Exchange, and depends on some market circumstances, such as supply and demand.
Often the word commodities can be synonymous with “raw material” because they are products used in the creation of other goods.
Brazil is a major producer of some commodities such as coffee, oranges, oil, aluminum, iron ore, etc.
Commodities can be divided into four categories:
• Mineral Commodities: oil, gold, iron ore, etc.
• Financial Commodities: real, euro, dollar, etc.
• Environmental Commodities: water, wood, energy, etc.
• Agricultural Commodities: soy, wheat, coffee, cotton, rubber, etc.