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Price of 6212636797 Tons Palm-oil

6212636797 Tons of Palm-oil is equal to
= $8511312411890
6212636797 tons of palm-oil = $8511312411890
62126367970 tons of palm-oil = $85113124118900
621263679700 tons of palm-oil = $8.51131241189E+14
6212636797000 tons of palm-oil = $8.51131241189E+15
More Price Conversion:
431 tons of palm-oil
128000 tons of palm-oil
4044179456 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.