What Is Your Suggestion About Commodity Market?

The commodities, which are dealt in the commodity market, are usually recognized as consumption goods. These will be either raw materials, or manufactured products. The method of sale on the commodity market is determined by the nature of commodity, where the commodities are not suited to grading as in the case of tea and wool. The method adopted is generally auction sale. The mode of delivery in commodity market also varies with the nature of commodity. When goods are delivered on the day of sale, the delivery is called spot ready. If the goods are bought on the day of sale but the delivery of the goods is postponed to some future date, the transaction is called forward or future. When the buyer takes delivery of the goods of the dock after paying all charges for carrying them home, the sale is called ex-ship. The mode of delivery may also be a ex-factory. This is the goods will be delivered at the godown of the seller or at the factory.
              This Commodity Market can again be sub-divided into three classes, such as, Produce Exchange Market, Manufactured Goods Market and Bulletin Market.
The Produce Exchange Market is a scientifically organized commodity market, which deals in raw, produce both agriculture and minerals. It generally deals in one kind of commodity.
                   The Manufactured Goods Market refer to that where the finished goods or semi-manufactured commodities are usually dealt in, e.g., yarn, cloth, fabrics, sugar, leather goods markets, etc.
                    The Bulletin Market is one where precious metals, such as, gold, silver, etc., Karachi, Dacca, Bombay, Calcutta, Delhi, London and New York are some of the most important Bulletin markets in the world.