commodity pricing

Commodity pricing refers to the process of determining the market value of raw materials like oil, gold, or wheat. Prices are influenced by factors such as supply and demand, production costs, geopolitical events, and market speculation. When demand exceeds supply, prices tend to rise; when supply exceeds demand, prices fall. Global events, weather, and economic trends can impact both supply and demand, causing price fluctuations. Since commodities are often traded internationally, their prices are subject to global market dynamics, making them more volatile compared to other products.