Food prices are likely to reduce the tariff value before the budget

Mumbai, Ta. 30 January 2020, Thursday

In the Mumbai oil-seeds market, the prices of domestic edible oils rose today while the prices of imported edible oils were rising again as the prices rose. News of the world market was buoyant. There was a new demand for housing. The eyes of the market players were now on the tariff value used as a benchmark to calculate the import duty on food items announced by the government and then on the budget released on Saturday.

According to market analysts, it was likely that the domestic tariff value would be reduced due to the sharp fall in prices of various edible oils in the world market recently.

In the Mumbai market today, there was a one-kilogram paltal of hawala resale at Rs 5, while JNPT was at Rs 5. There were between 5 and 8 tonnes of trades. Meanwhile, direct delivery prices of refineries were talking as high as Rs. The price of crude palm oil CPO Kandla was Rs.

In the futures market today, CPO prices were lower at Rs. 5 and higher by Rs. 8 in the evening while Rs. 5 in soyatal futures and Rs. 8 in high. They were. In the spot market in Mumbai, the price of soybean was Rs. 1 to Rs. Daryan, Sunflower prices were today Rs. 1 and Ref. Singtel prices were up by Rs 3. The news of Saurashtra was in good shape.

On the Rajkot side, the price of Singtel was hiked by Rs 5 to 5 while the price of 5 kg was reported to rise by Rs 5 to 5. Cotton washed prices there, however, were trading at Rs 5 to Rs 5 today. In the Mumbai market, cottonseed oil stayed between Rs 3 and Rs 5. Mustard prices were Rs 1 and Copper's 5 kg was Rs.

Meanwhile, in the Mumbai market today, the price of dewel was trading higher at Rs 5 a kg while the current price of Mumbai castor was at Rs 5.

Meanwhile, the Malaysian Prime Minister was directed to make a statement stating that Malaysia was concerned over the government's control of Palmet's imports. He indicated that the Malaysian government will try to resolve the issue. Meanwhile, various commodities futures MCX, NCDEX, including domestic commodity futures have a budget on Saturday, which will be kept open for trading on Saturdays from 1 to 7 in the morning. Such instructions were received.

Meanwhile, in the castor futures market today, February prices remained at minus 2 this evening. Today, consumers were showing the possibility of prices rising higher in the world market as palmetto production in Malaysia and Indonesia declined.