When you go out for shopping or grocery, what do buy most? You probably get yourself food or cloths the most. Or you might buy jewelries often. Today where a lot of transactions take place, we buy what we think we require.
Commodities are the goods or assets which have a high value and are mass produced in order to meet the requirement of the market or consumers. They are produced in a generous amount because most people demand for it. Commodities could be anything like sugar, gold or currency. It could be either raw material or financial tools.
The exchange and transaction of commodities have been taking place for a very long time. Since the beginning of human civilization, people have been taking part in trading of different items. People in Stone Age could be exchanging commodities too. Today, one country or society delivers goods to the other to fulfill their demand. Commodities are exchanged and traded in the commodity market. Now, only a few commodities have came along fighting the demand and usability for the past hundreds of years to establish as the most traded commodities in the world today. Let’s have a look at what top 10 most traded commodities in the world today are.
Drinking Coffee to start a day “You cannot ask for a better way to start your hectic schedule.” No wonder that 2.25 billion cup of coffee is consumed in daily basis. Yes you have read it right ‘2.25 BILLION’. Mostly the Coffee lovers represent United States and European countries but it doesn’t mean that others don’t drink coffee at all. I mean, I do. A cup of Latté without any sugar for me will do.
The demand for the quality coffee has never slowed down instead is running on its own pace. The coffee lover is increasing every day. The largest producer of Coffee is benefiting a lot from this global train economically. The South American nations and African nations hold a key position in supply of Coffee in the global circle. The stat of that over 5 million people (2012 data) in Brazil only are employed in coffee industry proves the popularity of coffee all-round and why it is one of the most traded commodities in the world.
I remember the times when I used to secretly eat sugar from the kitchen. Everyone loves sugar. Yes, the diet conscious ones would skip it but sugar is used almost everywhere in the world. Sugar is a sweet which is extracted from sugar beet sugarcane. The use and trade of sugar has risen since the 1990s. Some of the food in our kitchen wouldn’t even be there without sugar. Most of the sugar in the world comes from Brazil. Some parts of it come from China and India too. If you are thinking of making a long term investment, you sure should go for sugar. The price of sugar is escalating since past few months in the world. So, sugar is one of the most traded commodities in the world.
Silver is as popular and used as much as gold. Silver is mainly used in high precision medical equipments and other industrial processes and to some extent as ornaments too. It can be termed as flat currency as the rates of it is not determined by the world’s government making it stable investment for the investors. It was termed as the most popular commodities traded in the year 2010 and 2011.
The increment in the manufacturing and production industry the demand for the silver has inclined in relation to the supply of it to the certain limit. The price hike when it comes to silver is common nowadays because of its high demand.