C2nounbusinessmoney
US/kəˈmɑː.də.ti/
UK/kəˈmɒd.ə.ti/
a raw material or farm product, like oil, coffee or rice, traded in large amounts; also anything useful or valuable
In context
Coffee, rubber and pepper are among Vietnam's key agricultural commodities.
When commodity prices fall, countries that export raw materials suffer.
In a busy city, time can be a more precious commodity than money.
Words that go with commodity
noun + noun
- commodity pricesthe cost of raw materials traded in large amountsRising commodity prices pushed up the cost of bread.
- commodity marketa place where raw materials are bought and soldOil is traded on the global commodity market every day.
adjective + noun
- agricultural commoditiesfarm products traded in large amountsRice and coffee are important agricultural commodities for Vietnam.
- precious commoditysomething very valuable and hard to getIn a busy city, quiet time is a precious commodity.