A venue for the exchange or trade of various commodities and their derivatives. Some commodity markets specialise in trade in specific commodities, such as the Chicago Mercantile Exchange that specialises in livestock and meat and, the London Metal Exchange, which specialises in metals. Traders may speculate on the difference between spot pricing and future prices.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.