These are materials that are traded for value in big quantities and whose quality standards and price are universally applicable. Tradable goods are usually in form of agricultural produce or mineral resource which can be sold or bought at a pre-determined standardized price and quality.
Some of the examples of tradable commodities are;
(a) EnergyEnergy is the ability to do work. Energy exists in several forms such as heat, kinetic or mechanical energy, light, potential energy, and electrical energy. Units of Energy: The SI unit... More: Natural gas, crude oil, Brent crude oil, furnace oil, electricity etc.
(b) Fibre: Cotton, Kapas, raw jute etc.
(c) Grains: Soya bean, ice, maize, cowpea, wheat, millet.
(d) Oil and oil seed: Coconut oil, cotton seed, groundnut oil palm oil, mustard oil, soya oil, rice bran, soya meal, soy seed.
(e) Metal: Gold, Silver, Copper, Zinc, aluminum, steel, tin nickel, iron, lead etc.
(f) Petrochemical: High-density polyethylene, polyethylene, polyvinyl chloride, etc.
(g) Plantations: Coffee, rubber, kola, tea, kernel, cashew.
(h) Spices: Jeera, pepper, ginger, red chilly.
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