Commodity

• Raw materials and primary goods exchanged on International market. Energy. Materials and Agriculture.

• Market Dynamics: Prices fluctuate based on weather (droughts or floods in key regions), demand (think food processing and ethanol production), and government policies (subsidies or tariffs). dual use for biofuel adds another layer of complexity.

• Global Impact: Commodity trade affects economies, especially in developing nations reliant on exports. It’s also tied to sustainability debates—think labor conditions and land use.