word
Price Volatility in Commodities
PRYS vol-uh-TIL-ih-tee
/praɪs ˌvɒləˈtɪlɪti/Listen
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Syllable breakdown
pricevolatility
Dictionary meaning
The degree of unpredictable variation in commodity prices over time, caused by factors such as weather shocks, speculative trading, supply disruptions, and demand shifts; high volatility creates income instability for farmers and food-security risks for consumers.
Examples
- Price volatility in commodities like maize and rice can push millions of people into food insecurity within weeks.
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