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Crop or Livestock Global gross production value in billion US$ Global production in metric tons Global production in US$/metric ton Country with highest gross production value in billion USD Rice, paddy: $332: 751,885,117 $442: $117 (Mainland China) Pig, meat: $280: 118,956,327 $2,354: $167 (Mainland China) Cattle, meat: $269: 64,568,004 $4,166 ...
1.2 Livestock and meat. 1.3 Dairy. 2 Energy. 3 Forest products. 4 Metals. ... Commodity Contract size Currency Main exchange; Palm Oil: 1000 kg: Malaysian Ringgit (RM ...
Production (and consumption) of agricultural plant commodities has a diverse geographical distribution. Along with climate and corresponding types of vegetation, the economy of a nation also influences the level of agricultural production.
For example, the Livestock Mandatory Reporting Act of 1999 (P.L. 106–78, Title IX) defines livestock only as cattle, swine, and sheep, while the 1988 disaster assistance legislation defined the term as "cattle, sheep, goats, swine, poultry (including egg-producing poultry), equine animals used for food or in the production of food, fish used ...
[10] [11] [n 2] In commodity markets, animals and animal products are classified as soft commodities, along with goods such as coffee and sugar, because they are grown, as opposed to hard commodities, such as gold and copper, which are mined. [12] [n 3] Researchers identify viewing animals as commodities by humans as a manifestation of ...
Soft commodities, or softs, [1] [2] are commodities such as coffee, cocoa, sugar, corn, wheat, soybean, fruit and livestock. [3] The term generally refers to commodities that are grown, rather than mined; the latter (such as oil, copper and gold) are known as hard commodities. [4] [3] Soft commodities play a major part in the futures market.
A commodities exchange is an exchange, or market, where various commodities are traded. Most commodity markets around the world trade in agricultural products and other raw materials (like wheat , barley , sugar , maize , cotton , cocoa , coffee , milk products, pork bellies , oil , and metals ).
An agricultural subsidy (also called an agricultural incentive) is a government incentive paid to agribusinesses, agricultural organizations and farms to supplement their income, manage the supply of agricultural products, and influence the cost and supply of such commodities. Examples of such commodities include: wheat, feed grains (grain used ...