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Price of 393692729 Tons Palm-oil

393692729 Tons of Palm-oil is equal to
= $539359038730
393692729 tons of palm-oil = $539359038730
3936927290 tons of palm-oil = $5393590387300
39369272900 tons of palm-oil = $53935903873000
393692729000 tons of palm-oil = $5.3935903873E+14
More Price Conversion:
973 tons of palm-oil
96000 tons of palm-oil
8025327687 tons of palm-oil

*please enter quantity number, select a unit and the type of commodity goods, then click getPrice button.

Precious Metals & Solid Commodity:
Oils & Fuel:
Agricultures & Livestocks:

*The average price as of Sep 2024.
Source: markets.businessinsider.com

Average Commodity Price

Use this tool to find the average price of commodities.

What is a commodity?

In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price.

Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory.