A commodity is any homogenous good traded in bulk on an exchange. Grain, precious metals, electricity, oil, beef, orange juice, and natural gas are traditional examples of commodities.

The National Commodity Exchanges recognized by the Central Government permits commodities which include precious (gold and silver) and non-ferrous metals, cereals and pulses, ginned and un-ginned cotton, oilseeds, oils and oilcakes, raw jute and jute goods, sugar and gur, potatoes and onions, coffee and tea, rubber and spices etc.

The terms commodity market, commodities market and future(s) market mean the same thing and can be/are used interchangeably.

There are a number of specific commodities and commodity groupings. Examples of different commodities market groupings or families include the following: