Login ID:
Password:
Partner Login
Contact Us : 7066511911

Govt Sharply Revises Up Base Import Price Of Edible Oils

15 Nov 2019 8:45 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 Thursday, November 15, 2019.

The highest increase of USD 75 per tonne was in the base import price of RBD palmolein.

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 Nov 15, 2019 Oct 31, 2019 Change
Crude palm oil 613 560 +53
RBD palmolein 661 586 +75
Crude soyoil 761 743 +18


(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
India's 2019-20 Palm Imports May Fall Up To 11% On Rest...
CBOT Soybean Manages To Close Higher
BMD CPO Posts Worst Weekly Fall In Over 7 Years On Indi...
Balance Stock Of Oilseed Under PSS With NAFED As On 15 ...
Malaysia Raises Feb Export Tax For Crude Palm Oil To 6%...
more
Top 5 News
Urad/Moong Declines, Masoor Gains In Delhi
India's 2019-20 Daily Cotton Arrivals Up 22.7% Y/Y At 1...
Cotton Gains In Central, South India On Mills' Demand
Cotton Prices Up In North India On Low-Level Demand
Tamil Nadu Sugar Mill Prices 18 January 2020
Top 5 Special Reports
Weekly:Green/White Pea, Urad Settles Firm, Tur/Chana We...
USD/INR (Jan. 20) Testing Short-term Support Near 70...
USD/INR (Jan. 20) Testing Range Support Near 70.80
USD/INR (Jan. 20) Testing Range Support Near 70.80
China Commits Purchase Of $50 Billion Worth U.S. Agri P...
Copyright © CC Commodity Info Services LLP. All rights reserved.