Definitions
Commodity Trading Glossary
Key terms used in agricultural commodity export, sugar grading, and international trade.
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Quick Answer: This glossary defines essential terms for B2B buyers sourcing from an agricultural commodities exporter Thailand — including ICUMSA grades, Incoterms, RBD oil standards, and export documentation requirements.
- ICUMSA
- International Commission for Uniform Methods of Sugar Analysis — a global standard for measuring sugar color and purity. Lower ICUMSA numbers indicate whiter, more refined sugar.
- VHP Sugar
- Very High Pol sugar — raw cane sugar with high polarization (sucrose content), commonly used as a feedstock for further refining.
- Hom Mali (Jasmine Rice)
- A premium fragrant Thai rice variety (Thai Hom Mali) prized for aroma and texture, widely exported for retail and food-service markets.
- RBD Oil
- Refined, Bleached, and Deodorized edible oil — processed for food industry use with neutral flavor and extended shelf life.
- NPK Fertilizer
- A compound fertilizer containing nitrogen (N), phosphorus (P), and potassium (K) — essential macronutrients for crop growth.
- FOB (Free on Board)
- An Incoterm where the seller delivers goods on board the vessel at the port of shipment; buyer bears freight and insurance from that point.
- CIF (Cost, Insurance and Freight)
- An Incoterm where the seller pays for transport and insurance to the destination port; risk transfers when goods are loaded on the vessel.
- Proforma Invoice
- A preliminary invoice issued before shipment confirming product details, pricing, payment terms, and export conditions.
- Phytosanitary Certificate
- An official document certifying that agricultural products meet plant health import requirements of the destination country.
- MOQ
- Minimum Order Quantity — the smallest volume a supplier accepts per order, often measured in metric tons or container loads for bulk commodities.
Read our detailed guides: ICUMSA sugar grades explained · how to import rice from Thailand
Related pages
Explore related products, export guides, and ordering resources.
Further reading
Authoritative sources on agricultural commodities and international trade.