What is Commodity Market?

What is Commodity Market?

A commodity market refers to a platform where goods used for trade are exchanged on an approved commodities exchange. These goods typically include natural resources like timber, metals, and oil, as well as agricultural products. The exchange of these commodities serves as the foundation for futures contracts. The commodities are classified into two categories: agricultural commodities (Agro), which consist of food grains, oilseed complexes, plantation crops, and horticulture crops, and non-agricultural commodities, which include precious metals, base metals, and more.