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Price of 4960763637 Tons Palm-oil

4960763637 Tons of Palm-oil is equal to
= $6796246182690
4960763637 tons of palm-oil = $6796246182690
49607636370 tons of palm-oil = $67962461826900
496076363700 tons of palm-oil = $6.79624618269E+14
4960763637000 tons of palm-oil = $6.79624618269E+15
More Price Conversion:
258 tons of palm-oil
262000 tons of palm-oil
5595299594 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 Nov 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.