commodities
n. countable C1 Advanced US //kəˈmɑdətiz// UK //kəmˈɒdɪtiz// com·modi·ties
n. raw materials or basic products that people buy and sell, like oil, coffee, or gold. These items are usually the same no matter who produces them.
n. raw materials or primary agricultural products that can be bought and sold. Often refers to goods that are interchangeable with other goods of the same type.
The price of basic commodities like wheat rose this month.
Global markets reacted sharply to the news, causing the prices of energy commodities to fluctuate wildly.
Developing economies often rely heavily on the export of primary commodities, leaving them vulnerable to the volatile price swings of international trade.
Usage
Usually used in the plural form when referring to the general market or different types of goods.