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Price of 8491180262 Tons Palm-oil

8491180262 Tons of Palm-oil is equal to
= $11632916958940
8491180262 tons of palm-oil = $11632916958940
84911802620 tons of palm-oil = $1.163291695894E+14
849118026200 tons of palm-oil = $1.163291695894E+15
8491180262000 tons of palm-oil = $1.163291695894E+16
More Price Conversion:
971 tons of palm-oil
602000 tons of palm-oil
9931816796 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.