Increase in effective import duty as tariff value of imported foodstuffs increases

Mumbai, December 31, 2019, Tuesday

On the last day of the day, the high prices of various edible oils in the Mumbai oil-seeds market were sluggish, with rising prices in the futures market. The world market news was also selling bountifully. The house was also seeing new demand heading into today's high. Meanwhile, there were reports that the government has increased the tariff value used as a benchmark to calculate the import duty of various imported edible oils in the country.

The tariff value of crude palm oil CPO has been increased from 3 to 5 dollars, while the tariff value of Palmoline has risen to $ 5, while the tariff value of Soytal has been increased to $ 5. This has led to an increase in the effective import duty of non-food items imported into the country.

Such effective import tariffs have increased from 2 to 3 tonnes of crude palm oil CPOs. While such an effective import of Palmoline has gone up by around Rs 3 to Rs 5 per tonne, soyatel's import duty has increased by about 1 to 3 tonnes.

However, in the spot market today, the price of the 5 kg of paltal hawala resale was lower than Rs. While JNPT prices were Rs.

There was new demand. The world market was also up today with the price of palmette in Malaysia rising to the top of the five-year highs, where futures plummeted today. While there, the palm product pavilion today was broken by seven and a half dollars.

In the spot market in Mumbai, the price of 5 kg was Rs. 6 per liter of soybean while Rs. 5 was for Rs. Sunflower prices were at Rs 1 and refinery at Rs. Mustard prices were Rs 5 while Copperle's was 5 kg.

Meanwhile, Singtel prices were quiet at Rs 5 per head while the Rajkot side was priced at Rs 3 and Rs 5 per kg with 2 to 3. Cotton washed today, there was a drop of Rs 5 to Rs 5. In the Mumbai market, the price of cottonseed oil was Rs.

Meanwhile, the present price of Mumbai Diwali is Rs. Five were speaking softly. While the price of castor in Mumbai was Rs. Meanwhile, Palmet's total exports from Malaysia fell by about 5 percent to 6 tonnes in December, compared to 5 tonnes in November.

Castor futures prices were in the range of Rs 5 to Rs 5 in the evening. While projections in the US in the evening were directed at soybean soybean minus, and soybean and cotton futures plus.