Ads 468x60px

Saturday, October 22, 2011

Top 5 Most Traded Commodities in The World

When economists say commodities, they mean goods for which there is demand, butcommodity-trading which are supplied without qualitative differentiation across the market. Commodities are usually produced by a large number of companies around the world. Lumber, oil, sugar and electricity could all be considered commodities, while Levi's jeans would not be, as consumers consider them to be distinct from jeans sold by other firms.
There are a great number of both agricultural and industrial commodities now being traded in the commodities market. And here is the list of top 5 most traded commodities in the world:
1. Crude Oil
Crude oil or also known as petroleum is the term for ‘’unprocessed’’ oil, the stuff that comes out of the ground, which  is in fact the most traded commodity in the world.  Territories in the Middle East export 58% of all crude petroleum. Saudi Arabia exports over twice the US dollar value of any other territory, measured in net terms. The United Arab Emirates has the highest per person export earnings from crude petroleum. Other important exporters of crude oil are Norway, Venezuela, Nigeria and Mexico.
2. Coffee
kopi1Amazingly   coffee is the second most  traded commodity in the world. It is estimated that 1.6 billion cups of coffee are drunk worldwide everyday! It is produced in Latin America, South East Asia and Africa and the main consumers are United States and Europe. Today Brazil is responsible for about a third of all coffee production, making it by far the heavyweight champion of the coffee-producing world. Indonesia and its archipelago is most notable as the world’s largest producer of robusta beans, which is my favorite one. Smile
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. Russia is the largest exporter of natural gas. It is interesting to note that Canada is the second major exporter followed by Norway. The world’s largest proven natural gas reserves are in Russia, Iran, Qatar, Saudi Arabia and United Arab Emirates.
4. Gold
The fourth most traded commodity in the world is gold. It has always been valuable, the reason is may be the beautiful color or maybe it is rare,  for many women may be it’s the important part of them  or anything else. Additionally, to inform you South Africa no longer holds the title of the world’s largest gold producer. Currently China is the world’s top gold producing country. Next goes Australia.
5. Brent Oil
Brent oil is the second most traded oil in the market after crude oil, and 5th most traded69198Brent oil prices increase commodity in the list. 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. It is used to price two thirds of the world's internationally traded crude oil supplies. According to the CIA World Factbook estimate for 2010 the world consumes about 87 million barrels of oil each day.


Commodity Tips said...

Nice blog very informative, lots of information about MCX AND COMMODITY TIPS ,it is really helpful to me thanks

Commodity tips said...

This is so cool. I am such a huge fan of their work. I really am impressed with how much you have worked to make this website so enjoyable. commodity tips

Unknown said...

The commodity markets are incredibly important as they really drive commerce and the economy. Thanks For Sharing the great posting content. I have use your trading advice & earn profit. Now I will be waiting for the next update.

Kitty Criston
Checkmate Trades

Unknown said...

The best commodity tips for free
CALL: SELL COPPER (APR.) BELOW 404.50 TG-403.00/401.00/398.50 SL-407.00

commodity tips free trial

Pooja Pariya said...

Nice blog....!!!!
Free Trial

Unknown said...

Really this post amazed me, I couldn't even think that coffee is the second most traded commodity. I surprised after reading this post. Its really worth to read the whole post. Well I want to ask a question that why you not mention tobacco in the list? I think tobacco should be in the top 5 most traded commodity. What you say?

Any how if you want to be a good dentist Click here ( ONLY FOR DENTIST) Dental Online Marketing - Solution21 Company

Unknown said...

THE EQUICOM CALL: SELL ZINC (DEC.) BELOW 137.20 TG-136.70/136.10/135.40 SL-137.90 , always get most accurate tips from TheEquicom.
mcx commodity trading tips

Unknown said...

I am happy to find this content very helpful and informative for me, as it contains lot of accurate detailing about the topic, which I was searching for. Thanks a lot and good luck.!!!!!!!!!!!!
Commodity tips

Unknown said...

Your blog information is good and also useful to the trader.............
latest news of share market

Unknown said...

I'll buy a glass of beer to that person from that forum who told me to visit your site.

Funeral Homes Website Design and Marketing by OptimiZed360.Com

naveed said...

Excellent information on your blog, thank you for taking the time to share with us. Amazing insight you have on this, it's nice to find a website that details so much information about different artists.
Mcx free tips

Unknown said...

Unknown said...

Great article shared here. It's worth reading.

Profit Vista
Best nifty tips provider

Honor Fx said...

Theory of the blog is different from others as I have read hundreds of blogs and articles but found such essence nowhere. Impressive writing and deserve a title of unique writing skill.
Commodities Trading In India
Commodities Trading Online
Online Commodity Trading Platforms In India

Unknown said...

Nice article you have shared over here... thanks for sharing this informative content.
best seo guides in chennai

Moneyplant Research said...

Very nice article you have submitted thanks so much

equity tips free trial

abhishek said...

nice and intersting post. Thanks

Energy Market Tips

Post a Comment