word

commodity price volatility

kuh-MOD-ih-tee PRYS vol-uh-TIL-ih-tee

kəˈmɒdɪti praɪs ˌvɒləˈtɪlɪti

Listen

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Syllable breakdown

commoditypricevolatility

Dictionary meaning

Rapid and unpredictable changes in the market prices of agricultural goods, driven by factors including weather, geopolitical events, and speculative trading

Examples

Commodity price volatility in wheat markets disrupted food security across import-dependent countries.
Farmers use futures contracts to hedge against commodity price volatility.

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