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Price of 7231360446 Tons Palm-oil

7231360446 Tons of Palm-oil is equal to
= $9906963811020
7231360446 tons of palm-oil = $9906963811020
72313604460 tons of palm-oil = $99069638110200
723136044600 tons of palm-oil = $9.90696381102E+14
7231360446000 tons of palm-oil = $9.90696381102E+15
More Price Conversion:
904 tons of palm-oil
300000 tons of palm-oil
6502921913 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.