Commodity is a strategy that involves buying and selling of goods
that are said to be commodities, which is considered to be of some value
and is produced in larger amounts. It is usually sold or produced by
different countries and is traded among them, in these countries
different companies produce those goods and nobody can tell difference
in the produced thing. And here we have the top ten most popular
commodities of the world.
1. Crude Oil
When we say “CRUDE OIL” it doesn’t only mean Hydrocarbon liquid but a
lot more than that. The crude oil producers are normally the Middle
East; it is being extracted out of the ground, transported to refineries
through pipelines and then shipped to tankers to the markets all over
the world. It is one of the top ten traded commodities of the world; in
fact it is the most traded commodity.
2. Coffee
It might be a great surprise for you but coffee really is the second
most common traded commodity of the world. It is produced in South Asia,
Asia and Africa and the main consumers are United States and Europe.
You can see the fact that 2.25 billion cups of coffee are consumed in
the world everyday!
3. Natural Gas
Natural gas is traded a lot because it is the only thing used everywhere
from cooking to heating water in winters. It has a volatile marketing
style because of its price fluctuation.
4. Gold
Gold has always been valuable, the reason is may be the beautiful color
or maybe it is rare, for women may be it’s the essential part of them or
anything else. It is a very important trading commodity these days.
5. Brent Oil
After crude oil it is the second most traded oil product in the market.
This oil is basically taken from the North Sea and Norway and areas like
Europe and Africa use Brent oil more as compared to crude oil.
6. Silver
Aesthetic Usage, Silver investors and Industrial usage; these are the
three markets of silver. Bill Gates and a few more people have invested a
lot on silver. It is traded a lot and is one of the most popular traded
commodities of the world.
7. Sugar
It is the seventh most popular traded commodity, because everybody likes
sweet. There is not any place in the world where it is not traded.
8. Corn
This one is the most versatile agricultural products; it has quite
massive demand from all over the world. It is also referred as “YELLOW
GOLD”. N70% of the corn is grown in United States; around 80 million
acres are dedicated for its production. Hence, we can surely know why it
is important.
9. Wheat
This is the 9th most popular traded commodity; it is the most important
food grain in the world. Its worldwide prominence is the major reason of
it being a commodity.
10. Cotton
It is a fibrous material, it is strong and durable. Its demand is always
greater, so when the demand is more the thing is traded more. That is
why it is at the tenth position.
http://www.tiptoptens.com/2011/01/31/top-10-most-traded-commodities/
