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Price of 5201549558 Tons Palm-oil

5201549558 Tons of Palm-oil is equal to
= $7126122894460
5201549558 tons of palm-oil = $7126122894460
52015495580 tons of palm-oil = $71261228944600
520154955800 tons of palm-oil = $7.12612289446E+14
5201549558000 tons of palm-oil = $7.12612289446E+15
More Price Conversion:
579 tons of palm-oil
487000 tons of palm-oil
6874330881 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 Jan 2025.
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.