Decrease in the import duty of imported foodstuffs

Mumbai, Ta. October 15, 2019, Tuesday

There were reports of the government reducing the tariff value used as a benchmark for import of various edible oils imported into India. Such tariff value has been reduced to $ 5 for crude palm oil CPOs. While Palmoline's $ 5 and $ 5 of soybean has been made at $ 5. As a result of this, the effective import tariff of imported CPOs in the country will be reduced by about 1 to 3 tonnes, according to market sources.

Meanwhile, the Prime Minister of Malaysia has begun considering restraining the import of palmetal from Malaysia by showing anti-India attitude to the Kashmir question, and many Indian importers have reduced the import of palmetal from Malaysia. Additional directions were received in India Were.

In the Mumbai market, Singtel prices were hiked by Rs 5 per kg while Rajkot side was priced at Rs 5 to Rs 5 and Rs 5 per kg for Rs 5. Cotton washed prices from Rs 5 to Rs 5 and cottonseed oil prices in Mumbai from Rs 5 to Rs 5. The prices of soyetail were Rs. 6 for digam and Rs. Rifa was worth Rs. Diwali prices went up by Rs.

While the price of castor in Mumbai was Rs. In the castor futures market today, prices were trading higher from Rs. In the US-Chicago market this evening, soybeans and soybeans prices were down minus the projection, while New York cotton futures remained at Projection Plus this evening.

In the Mumbai oil-seeds market, Palmetal today traded between 5 and 6 tonnes on demand. These trades took place in the direct delivery of various refineries from Rs. At present the price of palmetal was Rs 5 per kg of hawala resale and Rs 6 for the JNPT. Meanwhile, prices of crude palm oil CPO Kandla remained at Rs. In the futures market today, CPO prices remained between Rs 5 and Rs 5, then in the evening prices were at Rs 5.

While soyatel futures prices were between Rs 1 and Rs 5, the evening price was talking Rs. Meanwhile, in Malaysia today, petrol prices were finally closed at 1, 5, and 5 points plus in the futures market. When the price was raised five dollars.

Meanwhile, Palmet's total exports from Malaysia fell by 6 percent to 9 tonnes in the first six days of this month, compared to 6 tonnes in the same period last month, the SGS report said.

During this period, exports of palm oil from Malaysia to India were reported to have dropped by 5 tonnes to 3 tonnes. Meanwhile, India-Malaysia disputes had led to reports suggesting that imports from Malaysia were also falling and that imports from Indonesia were rising even further in Oktober.