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Price of 6968970979 Tons Palm-oil

6968970979 Tons of Palm-oil is equal to
= $9547490241230
6968970979 tons of palm-oil = $9547490241230
69689709790 tons of palm-oil = $95474902412300
696897097900 tons of palm-oil = $9.54749024123E+14
6968970979000 tons of palm-oil = $9.54749024123E+15
More Price Conversion:
816 tons of palm-oil
552000 tons of palm-oil
1056501893 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 Feb 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.