With GNU sed
sed -E '2,$ s/(("[^"]*",){4})("[^"]+")(.*)/echo \x27\1"\x27$(date -d \3 +%s)\x27"\4\x27/e'
2,$ to skip header from getting processed
(("[^"]*",){4}) first four columns
("[^"]+") fifth column
(.*) rest of the line
echo \x27\1"\x27 and \x27"\4\x27 preserve first four columns and rest of line after fifth column, along with adding double quotes to result of date conversion
$(date -d \3 +%s) calling shell command with fifth column value
Note that this command will fail if input can contain single quotes. That can be worked around by using s/\x27/\x27\\&\x27/g.
You can see the command that gets executed by using -n option and pe flags
sed -nE '2,$ s/(("[^"]*",){4})("[^"]+")(.*)/echo \x27\1"\x27$(date -d \3 +%s)\x27"\4\x27/pe'
will give
echo '"58.75","5.33","kg","7","'$(date -d "2020-7-11 19:29:29" +%s)'","5"'
For 58.25,5.89, kg, 7,2020 / 7/12 11:23:46, "5" format, try
sed -E '2,$ s/(([^,]*,){4})([^,]+)(.*)/echo \x27\1\x27$(date -d "\3" +%s)\x27\4\x27/e'
or (adapted from https://stackoverflow.com/a/62862416)
awk 'BEGIN{FS=OFS=","} NR>1{$5=mktime(gensub(/[:\/]/, " ", "g", $5))} 1'
Note: For the sed solution, if the input can come from outside source, you'll have to take care to avoid malicious intent as mentioned in the comments. One way is to match the fifth column using [0-9: -]+ or similar.