Login ID:
Password:
Partner Login
Contact Us : 7066511911

Govt Revises Up Base Import Price Of Edible Oils

13 Dec 2019 6:21 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI Commoditiescontrol)– The government has revised up the base import prices of all edible oils, according to an official notification issued on Friday, December 13, 2019.

The highest increase of USD 37 per tonne was in the base import price of crude palm oil.

Based on global prices and fluctuations in foreign exchange rates, the government revises base import prices every fortnight. India is the world’s largest importer of edible oil.

Palm oil accounts for a bulk of the total edible oils imported annually, with most of it imported from Indonesia and Malaysia. Most of the crude soyoil is imported from Argentina, the world’s third-largest soybean producer.

The following table details the base import prices of edible oils, in dollar per tonne:

Edible Oils Dec 13, 2019 Nov 29, 2019 Change
Crude palm oil 687 650 +37
RBD palmolein 719 690 +29
Crude soyoil 776 769 +7

In Indian Rupee terms, effective duty is as follows:

CPO: Rs 21,885.07 (+1178.67)

OLN: Rs 28,630.58 (+1154.78)

CDSBO: Rs 21,630.22 (+195.12)


(By Commoditiescontrol Bureau)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
BMD CPO Settles 6% Higher On Indonesia Export Tax, Upti...
NAFED Procures624350.18 MTGroundnutInKharif-19Seas...
Malaysia's Jan 1-25 Palm Oil Production Seen Up 1.94% M...
Long/Short Quantity Position In NCDEX Mustard Seed On 2...
Soy Complex Soybeans (CBT) Short-term Oversold / Pr...
more
Top 5 News
Raw/Processed Urad Gains At Major Markets
Domestic Chana Trade Mixed in Spot Markets; Imported Va...
Domestic Tur Mixed For Second Straight Day At Major Mar...
Brent, WTI Rises After 5-Day Rout As Markets Assess Vir...
Jeera Extends Fall In 3rd Consecutive Session; Hits Fre...
Top 5 Special Reports
USD/INR (Jan. 20) Consolidating in a Range / Reitera...
USD/INR (Jan. 20) Short-term Strength Negates Bearis...
USDMYR
USDCNY-CHINESE/USDIDR-INDONESIAN RUPIAH
USDARS-ARGETINE PESO/USDBRL-BRAZILIAN REAL
Copyright © CC Commodity Info Services LLP. All rights reserved.