A commodity type refers to a category of raw materials or primary products that are traded in the global marketplace. The nine types of commodity listed in the question are all related to the wine and spirits industry and can be further defined as follows:
- Barrels - oak barrels used for aging wine or spirits
- Bulk wine - wine sold in large quantities (e.g. by the gallon or liter) and intended for further processing or blending
- Bottled wine - wine sold in bottles for consumption
- Bottled spirits - distilled spirits sold in bottles for consumption
- Bulk spirits - distilled spirits sold in large quantities (e.g. by the gallon or liter) and intended for further processing or blending
- Other - other commodities related to the wine and spirits industry that don't fit into the other categories listed
- Grape - raw grapes used for making wine or grape juice
- Grape juice - juice made from raw grapes
- Grape juice concentrate - concentrated grape juice used for making wine or other grape products.
These commodity types are important to the wine and spirits industry as they help to facilitate the trade of raw materials and finished products, and provide a basis for pricing and valuation.
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