Quick Answer: Is Coffee The Second Most Traded Commodity?

What type of commodity is coffee?

Coffee is a soft commodity derived from a plant that grows mostly in subtropical and tropical climates.

The beverage produced from the cherries on these plants is a primary source of caffeine in diets in both emerging and developed countries..

What does a coffee trader do?

A coffee trader is someone who sells bulk coffee commodity in an attempt to make a profit. The definition can loosely be applied to cover a number of specific key roles within the coffee production process.

Is coffee the most valuable trade good?

According to MIT’s Observatory of Economic Complexity (OEC), coffee is the world’s 98th most-traded product. Green coffee comes in at 114, while roasted coffee ranks 301st. … In fact, coffee isn’t even the world’s second-most traded agricultural product. That would be wheat, at position 70, after soybeans at number 54.

What are your top 5 commodities?

Top 10 CommoditiesCrude oil.Coffee.Natural gas.Gold.Wheat.Cotton.Corn.Sugar.More items…

Who drinks the most coffee?

According to statistics provided by the United States Department of Agriculture, the Number 1 country that consumes the most coffee is Switzerland, with 7.9 kg per person per year. In a report provided by the EUROMONITOR INTERNATIONAL, this record was assigned to Finland with 12 kg per capita.

What is the most stable commodity?

Aluminum, zinc, and copper are good examples. They are relatively inexpensive, and supplies are generally stable because they’re commonly found around the world. But because they are plentiful, prices tend to be much lower than precious metals.

What commodity is traded most?

The top ten most traded commodities in the world are:WTI crude (oil)Soyabeans.Iron.Corn.Gold.Copper.Aluminium.Silver.More items…•

How is coffee traded as a commodity?

Coffee is also bought and sold by investors and price speculators as a tradable commodity. Coffee Arabica futures contracts are traded on the New York Board of Trade (NYBOT) under ticker symbol KC with contract deliveries occurring every year in March, May, July, September, and December.

What is traded on Nymex?

Specifically, these commodities include: crude oil; gasoline (leaded and unleaded); number two heating oil; palladium; platinum; potatoes; natural gas; gold; etc. NYMEX is regulated by the U.S. Commodity Futures Trading Commission (CFTC), an independent federal watchdog agency.