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Price of 5336198925 Tons Palm-oil

5336198925 Tons of Palm-oil is equal to
= $7310592527250
5336198925 tons of palm-oil = $7310592527250
53361989250 tons of palm-oil = $73105925272500
533619892500 tons of palm-oil = $7.31059252725E+14
5336198925000 tons of palm-oil = $7.31059252725E+15
More Price Conversion:
567 tons of palm-oil
792000 tons of palm-oil
2366347633 tons of palm-oil

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

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*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.