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Commodity chemicals are a sub-sector of the chemical industry (other sub sectors are fine chemicals, specialty chemicals, inorganic chemicals, petrochemicals, pharmaceuticals, renewable energy (e.g. biofuels) and materials (e.g. biopolymers)). Commodity chemicals are differentiated primarily by the bulk of their manufacture.
This is a list of prices of chemical elements. Listed here are mainly average market prices for bulk trade of commodities. Data on elements' abundance in Earth's crust is added for comparison. As of 2020, the most expensive non-synthetic element by both mass and volume is rhodium.
The different organic compositions of capital of different branches of industry raised a problem for the classical economic schema of David Ricardo and others, who could not reconcile their labor-cost theory of price with the existence of differences in the OCC between sectors. The latter imply different profit rates in different industries.
Organic soybean meal prices continue to edge higher and are currently quoted at 630 per metric ton FOB India. There are concerns amongst merchandisers that are helping to keep prices buoyed.
The Jacobsen forecasts organic soybeans could hit $23 per bushel by Q1 2021
Organic products can vary a lot in price. According to a study performed by consumerreports.org, organic products compared to non-organic products ranged anywhere from 13 percent cheaper to 303 percent more expensive. The reason why organic products cost so much more on average is the production process. Many factors contribute to this cost.
Organic products typically cost 10% to 50% more than similar conventionally produced products, to several times the price. [116] [7] Processed organic foods vary in price when compared to their conventional counterparts.
The price fell steadily to a term-low of $2.84 in July 2018. The price held steady until it breached $3 in June 2019 and climbed to a Trump-era high of $3.54 in December 2020.