( ( As ( ( the world ) ( s ( ( ( ( ( ( second largest ) ( trade commodity ) ) ( in ( value ( after oil ) ) ) ) , ) and ) ( the ( largest ( agricultural ( trade commodity ) ) ) ) ) ) ) ) ( , ( coffee ( ( has ( a ( ( remarkably inelastic ) demand ) ) ) . ) ) ) )
(ROOT (S (SBAR (IN As) (S (NP (DT the) (NN world)) (VP (VBZ s) (NP (NP (ADJP (JJ second) (JJS largest)) (NN trade) (NN commodity)) (PP (IN in) (NP (NP (NN value)) (PP (IN after) (NP (NN oil))))) (, ,) (CC and) (NP (DT the) (JJS largest) (JJ agricultural) (NN trade) (NN commodity)))))) (, ,) (NP (NN coffee)) (VP (VBZ has) (NP (DT a) (ADJP (RB remarkably) (JJ inelastic)) (NN demand))) (. .)))
As the world s second largest trade commodity in value after oil, and the largest agricultural trade commodity, coffee has a remarkably inelastic demand.
(ROOT (S (NP (DT The) (JJ everyday) (NN beverage) (NN coffee)) (VP (VBZ is) (NP (NP (DT a) (NN commodity)) (ADJP (JJ second) (PP (RB only) (TO to) (NP (NP (NN oil)) (PP (IN in) (NP (JJ worldwide) (NN trade)))))))) (. .)))
The everyday beverage coffee is a commodity second only to oil in worldwide trade.