Commodities
In maritime context, commodities refer to raw materials or primary agricultural products that are traded in large quantities and used in the production of goods. These can include but are not limited to grains, oil, coal, iron ore, and other minerals. Commodities are transported by sea in bulk carriers, which are specialized vessels designed to carry large quantities of loose cargo. The price of commodities is subject to market fluctuations and can be affected by various factors such as supply and demand, weather conditions, and geopolitical events.
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News Source: CBS News on 2025-06-17
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News Source: Al Jazeera English on 2025-06-17
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News Source: ABC News on 2025-06-17
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News Source: CNN on 2025-06-17