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Price of 6293714344 Tons Palm-oil

6293714344 Tons of Palm-oil is equal to
= $8622388651280
6293714344 tons of palm-oil = $8622388651280
62937143440 tons of palm-oil = $86223886512800
629371434400 tons of palm-oil = $8.62238865128E+14
6293714344000 tons of palm-oil = $8.62238865128E+15
More Price Conversion:
434 tons of palm-oil
346000 tons of palm-oil
2726352446 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.