Login ID:
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

   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 Snaps 5-Day Losing Streak On Short-Covering, St...
Refined Palm Oil Cargoes Stuck At Indian Ports After Im...
Long/Short Quantity Position In NCDEX Mustard Seed On 1...
BMD CPO Set To Snap 5-Day Losing Streak On Short-Coveri...
Malaysia's Jan 1-20 Palm Oil Exports Seen Down 9.9% MoM...
Top 5 News
Comex Gold Up On Safe-Haven Interest; SPDR Holdings On ...
China's Refined Copper, Lead & Zinc Output Hit Record ...
Spot Mentha Prices Down On Sluggish Demand
Domestic Sugar Prices Rule Mostly Weak
Spot Jeera Rules Weak On Prospects Of Higher Production...
Top 5 Special Reports
USD/INR (Jan. 20) Attempting a Bounce-back from Supp...
Copyright © CC Commodity Info Services LLP. All rights reserved.