Continue reading Â». Sarojini Naidu, known as the âNightingale of Indiaâ, was a celebrated poet, playwright and Indian independence activist. She was the first woman to become President of the Indian National Congress and the first woman to achieve the post of Governor of Uttar Pradesh state.
Commodities are bulk goods and raw materials, such as grains, metals, livestock, oil, cotton, coffee, sugar, and cocoa, that are used to produce consumer products. The term also describes financial products, such as currency or stock and bond indexes.
Definitions (2) 1. A physical substance, such as food, grains, and metals, which is interchangeable with another product of the same type, and which investors buy or sell, usually through futures contracts. The price of the commodity is subject to supply and demand. Risk is actually the reason exchange trading of the basic agricultural products began. For example, a farmer risks the cost of producing a product ready for market at sometime in the future because he doesn't know what the selling price will be. 2. More generally, a product which trades on a commodity exchange; this would also include foreign currencies and financial instruments and indexes.