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24 Cards in this Set
- Front
- Back
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Biofuels |
Fuels produced directly or indirectly from organic material |
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World stock piles |
a large supply of food gathered and held in reserve for use during a shortage or during a period of higher prices |
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FAO |
Food and Agriculture Organization |
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Price volatility |
rapid fluctuations in prices |
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Commodity Market |
market that trades in primary economic sector rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa and sugar |
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Food Security |
the state of having reliable access to a sufficient quantity of affordable, nutritious food |
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Hunger |
a feeling of discomfort or physical weakness as a result of lack of nourishment |
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Financialization |
trhe process by which companies expand their size and power over a market |
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Risk |
a situation involving the possibility of loss or harm |
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Appreciation |
an increase in value |
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Depreciation |
a decrease in value |
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Demand |
how prominent a good or service is and a consumer’s level of desire as a result |
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Supply |
amount of good or service that is available |
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US dollar |
Key currency in which most commodities are denominated in international trade |
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OPEC |
Organization of the Petroleum Exporting Countries An intergovernmental organization of oil exporting nations that coordinates and unifies the petroleum policies of its member countries. |
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Agricultural Derivatives |
financial transactions that are linked in various ways to agricultural commodities |
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Futures |
contracts that can be purchased and sold on exchange markets without the ultimate buyers and sellers of the actual commodity. A share or bet in a company’s future. |
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Land grab |
foreign land acquisition |
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2007-2008 Food Crisis |
The accumulation of several variables, such as rising oil prices, global famine, and increasing ties between food and the financial sector, that resulted in a spike in food prices and political, economic, and social instability in poor and developing countries |
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CIF's |
Commodity index funds bundle futures contracts for a range of commodities |
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OTC |
Over the counter not directly traded on commodity futures exchange |
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CFTC |
commodity futures trading commission regulates how investors can trade in commodity futures |
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Commodity Futures Act |
effectively exempted OTC derivatives trade from CFTC oversight |
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AIG Commodity Index |
a specific group of commodities tracked by banks through indexes specifically ag. commodities |
