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Price of 5805176769 Tons Palm-oil

5805176769 Tons of Palm-oil is equal to
= $7953092173530
5805176769 tons of palm-oil = $7953092173530
58051767690 tons of palm-oil = $79530921735300
580517676900 tons of palm-oil = $7.95309217353E+14
5805176769000 tons of palm-oil = $7.95309217353E+15
More Price Conversion:
795 tons of palm-oil
634000 tons of palm-oil
5480768558 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:
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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.