IMF Nonfuel Commodity Index

DEFINITION of 'IMF Nonfuel Commodity Index'

An index of nonfuel commodities developed and maintained by the International Monetary Fund. The index defines nonfuel commodities as industrial metals, food, beverages and agricultural raw materials, along with certain energy sources such as coal. It excludes precious metals such as gold

BREAKING DOWN 'IMF Nonfuel Commodity Index'

Weights of the nonfuel commodities in the index use 2005 as the base year. Many developing nations are very dependent on nonfuel commodities for export earnings and monitor the IMF Nonfuel Commodity Index for market trends. Prices of some nonfuel commodities such as metals have occasionally increased faster than oil prices.

RELATED TERMS
  1. Commodity ETF

    Exchange-traded funds that invest in physical commodities such ...
  2. Commodity Market

    A physical or virtual marketplace for buying, selling and trading ...
  3. Exempt Commodity

    Any commodity other than an excluded or agricultural commodity. ...
  4. Excluded Commodity

    A commodity that is not susceptible to measures of influence ...
  5. Long The Basis

    An individual or company that owns or has purchased a commodity ...
  6. Commodity Index

    An index that tracks a basket of commodities to measure their ...
Related Articles
  1. Markets

    Understanding the Commodity Market

    There are currently 50 physical and virtual commodity markets worldwide where almost 100 primary commodities trade through the exchange of ownership rights.
  2. Markets

    3 Reasons to Invest in Discounted Commodities

    Though they're selling at depressed prices, there are several reasons that it could make sense to invest in commodities now.
  3. ETFs & Mutual Funds

    Commodity Funds 101

    These funds make investing in gold, oil or grain an easier prospect.
  4. Investing

    Commodities Relative Value

    In this special report, we take a close look at the hedge fund segment, considering key characteristics and performance trends, and offering our outlook for the rest of the year and beyond.
  5. Markets

    When Will it Be Safe to Buy Commodities?

    When will it be safe to buy commodities (and which ones)? A closer look at the commodities markets and how they move.
  6. ETFs & Mutual Funds

    The Top 3 ETFs For Investing in Commodities (GLD, DBA)

    Explore diversifying an investment portfolio through investing in commodities ETFs, and get information on some of the best commodity funds.
  7. Trading

    Commodities: The Portfolio Hedge

    These diverse asset classes can provide downside protection and upside potential. Find out how to use them.
  8. Trading

    An Overview Of Commodities Trading

    Commodities markets, both historically and in modern times, have had tremendous economic impact on nations and people. Investing in commodities can quickly degenerate into gambling or speculation ...
  9. ETFs & Mutual Funds

    3 ETFs That Suggest Commodities Are Headed Lower (COMT, DBC)

    Nearby trendlines and resistance from major moving averages suggest that the broad commodities market is headed lower from here.
  10. Markets

    Performance Review: Commodities in 2015

    Learn how commodities took a big hit in 2015 with a huge variance in performances. Discover how the major commodities performed over the year.
RELATED FAQS
  1. What does it mean to invest in base metals?

    Learn what is means to invest in the base metals sector and how investors can take advantage of various investment strategies ... Read Answer >>
  2. How can I invest online in oil, gold and other commodities?

  3. Do hedge funds invest in commodities?

    Learn about hedge funds that invest in commodities. Read about Commodity Trading Advisors who focus specifically on trading ... Read Answer >>
  4. Can mutual funds invest in commodities?

    Learn how investors can use commodity mutual funds to diversify their portfolios, and discover why mutual funds may be less ... Read Answer >>
  5. Can commodities also be investments?

    Learn about the commodities trade and several different ways investors may participate. Find out about some of the advantages ... Read Answer >>
  6. Who sets the price of commodities?

    Commodities are extremely important as they are essential factors in the production of other goods. A wide of array of commodities ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center