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Price of 518000 Tons Rapeseed

518000 Tons of Rapeseed is equal to
= $120250000
518000 tons of rapeseed = $120250000
5180000 tons of rapeseed = $1202500000
51800000 tons of rapeseed = $12025000000
518000000 tons of rapeseed = $120250000000
More Price Conversion:
664 tons of rapeseed
871000 tons of rapeseed
7958125712 tons of rapeseed

*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 Oct 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.