Decrease in the import duty of imported foodstuffs

Mumbai, Ta. February 29 - Saturday

The decline in prices of imported edible oils in the Mumbai oil-seeds market today led to a decline in prices. There was new demand. The world market was soft. The world market was selling back home. In the edible oils, the singletons remained calm while Kapasia oil prices remained soft behind Saurashtra.

Chicago soybean futures in the United States were reported to have broken overnight by 5 points. The soybean futures there were 5 to 5 points soft at night while soybean futures increased 5 to 5 points at night. Meanwhile, New York Cotton futures were the news of the overnight 5 point trough. Meanwhile, Malaysian markets behind the US were aware of Monday's possibility of a soft opening. China's deadly virus is spreading to various countries of the world and the global market is hit by crude oil prices, followed by food prices in the world market, analysts said.

In the spot market in Mumbai today, the price of 5 kg of Havla resale at Pawtail was Rs 5 and Rs 5 for JNPT. There were scattered businesses at Rs. Meanwhile, prices of crudepam oil CPO Kandla fell to Rs 1 today. In the futures market, price CPI futures closed at Rs 5 on the weekends, while soybean futures closed at Rs 5.7.

In the spot market today, the price of 5 kg was Rs. 6 for refined and refined of soyatel while the price of sunflower was Rs. 1 and refined Rs. Mustard prices were at Rs 5 and Rs 5 for copper while Rida oil was at Rs 5 and refined at Rs. Rice bran oil prices were Rs.

Singtel prices were Rs 1 while Rajkot price was Rs 3 to Rs 5 and refined Rs 1 to 3. Cotton washed prices fell by Rs 5 to Rs 5 today, while in the market of kapasia oil prices in Mumbai market were down by Rs.

In the Mumbai market today, prices of dive spot and castor were hitting narrow fluctuations. Meanwhile, in the Mumbai khol market today, singhole prices were Rs. 5 per tonne while soybean prices were Rs. 1 to Rs. 3 to Rs. The other laps were quiet though.

Meanwhile, the government has reduced the tariff value used as a benchmark for counting import tariffs on various domestic imports, and this has resulted in a reduction in the effective import duty of imported edible oils and hence the impact on the market price today.

Such tariff value has been reduced to $ 5 for crude palm oil CPOs, while palmolin has been reduced to $ 5 for $ 5. As a result of this, the effective import duty on CPOs has been reduced by Rs. 5 per tonne, while against the price of palmolene Rs.