In Australia, commodity traders can find many opportunities to profit from. But before deciding what types of commodities to trade in Australia, you must have a thorough understanding of the industry and research extensively beforehand. If you want to learn more about commodity trading,forex trade, or how to safely invest in trust accounts and what other commodities are available to trade, you can use this link.

Australia has been ranked as the largest exporter of coal and iron ore per capita globally. Australia’s vast coal and iron ore reserves are estimated to last for more than 150 years.

Apart from Australia having the highest carbon dioxide emissions per capita worldwide, its energy resources have played a vital part in giving it power as an industrialised nation.

These two commodities – coal and iron ore – are considered very important in terms of economics. Coal provides heating and electricity, while iron ore is used in steel production. The country takes substantial measures to protect these resources, making them hot commodities on international markets. This has brought about strong demand for Australian raw materials across the globe.

This also means there is increased trading activity on commodity exchanges where numerous market participants, large and small, buy and sell these products. There are a variety of other commodities that are also popular to trade in Australia.

Livestock

The livestock industry is one of the most critical sectors of the Australian economy, contributing billions of dollars to the national income. The cattle and sheep farming industries are especially significant, with beef and mutton being among the country’s top agricultural exports.

Wheat

Wheat is another important commodity that is heavily traded on Australian exchanges. The country is one of the world’s leading wheat producers and exporters, with much of it being shipped to Asia.

Fruit

With abundant sunshine and fertile soil, Australia is a significant fruit producer. The country exports cherries, apricots, apples and peaches to various parts of Europe.

Oil

Australia is the world’s eighth-largest oil producer, with much of its supply being sourced from offshore plants. The country also has extensive natural gas reserves, which it exports to Japan.

Cotton

This type of commodity is listed on Australian exchanges with prices quoted in US dollars. Although cotton forms only a tiny part of Australia’s overall exports, it remains an essential industry for certain parts of regional Australia, where major textile mills are located.

Gold

Gold is a very sought-after commodity to trade globally, making it massively popular among international traders. One unique aspect about gold that many don’t know is that it trades at different times during the day depending on whether you are trading live or not.

Coffee

Australia has a long history of coffee production, with the first commercial crops being planted in the early 1800s. Additionally, Australia produces citrus fruits that are exported to various parts of Asia.

Live Animals

Another important industry that is closely linked to commodity trading is livestock. Livestock is transferred from one area to another for breeding purposes or new pastures. The live cattle are some of the key commodities traded on Australian exchanges. When trading commodities, always remember that prices can be highly volatile and quickly move in both directions. Therefore, it is vital to use stop-losses as a risk management tool to minimise your losses if the market moves against you.

Sugar

Australia is the second-largest producer of raw sugar globally, behind Brazil. Despite recent production setbacks caused by adverse weather, Australia’s cane growers still manage to produce more than 1 million tonnes of sugar annually.

Cocoa

This commodity trades on Australian exchanges with prices quoted in US dollars. Cocoa has seen rapid growth over the last decade, primarily due to increasing demand from China and India.

Finally, always ensure that you are fully aware of the risks involved before entering into any trades. Remember that trading is inherently risky, and you can lose money if you’re not careful.