Government reduces impacted duty on imported food items by reducing dollar custom rate

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Mumbai, Ta. September 19, 2019, Thursday

New demand in the Mumbai oil-seeds market was slow today. There was news that the central government had reduced the custom X of dollars for importers by Rs. This has led to a reduction in the effective import duty of various domestic edible oils, market sources said.

As a result of this new dollar price is set to come into force from September 7, the effective import duty of crude palm oil CPOs in the country has fallen by about Rs 3 to Rs 5 per tonne while the import tariff of Palmoline has been reduced by Rs 1 to 3 per tonne while soybean. Effective import duty tonnage is reduced by Rs 1 to 5, market analysts said.

New trade was slow today after significant trade in Palmetel in recent two days. World market news was showing soft. In the spot market in Mumbai today, there was a talk of Rs 5 Kg Havla Resale and JNPT Rs. Businesses were scattered. Soyaat futures prices were Rs. 5, and then higher was Rs.

In the world market, Malaysia's futures today closed down futures prices at 5, 6, 6 and 6 points, while news of palm product prices remained two and a half dollars soft. Meanwhile, in the spot market in Mumbai today, the price of 5 kg was Rs. 3 per liter of soybean. While the Mustard prices were Rs 1 and Singtel prices were at Rs 5.

On the Rajkot side, the price of Singtel was Rs 5 to Rs 5 and Rs 5 to Rs 5 per kg. Cotton-washed prices stayed at Rs 5 to Rs 5 to Rs 5 while in the Mumbai market the price of cottonseed was Rs. Meanwhile, the price of copperall was today at Rs 6 per kg. The news of the day was favorable.

Meanwhile, in the Mumbai market, the price of dewel was up by Rs 5 per kg while the current price of Mumbai castor was Rs. Soybean arrivals in Madhya Pradesh today were reported at around 3,000 times in the afternoon and there were prices ranging from Rs 1 to Rs. 3 and plant prices were at Rs. 1 to Rs. The prices were up today in the domestic futures market. Were staying.

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