Reduction in import duty on soyoil and sunflower oil during festivals

(Gujarat News Office) MUMBAI: The Mumbai Oilseeds market today witnessed a decline in prices of various imported edible oils. During the festive season, there were reports that the central government had reduced import duties on soybean oil and sunflower oil. And its effect was visible on the market price today.

However, there were indications that lower import duties in India would push up prices in the world market. Soybean oil prices in the US agricultural markets this evening were projected to rise by 30 to 31 points in the projection.

Meanwhile, in the Mumbai spot market today, the price of 10 kg of soyoil fell to Rs. 150 and Rs. 150 while the price of sunflower fell to Rs. 150 and Rs. 120 remained. Imported palm oil prices fall to Rs. 16 were living. There was a new demand for palm oil and Rs. Scattered trades took place between 190 and 19. Crude Palm Oil CPO Kandla Price Rs. 1,200 while in the futures market this evening, the CPO September price was Rs. Soyoil's September futures price was at Rs. 1500 remained.

Castor September futures in the evening at Rs. 20 decreased to Rs. 313 were speaking. In the US this evening, soybean oil prices and soybean prices were in the positive. Soybean prices were projected to be 105 points higher this evening and soymeal prices 4 points higher. In Malaysia today, palm oil futures were in the 5, 10, 6 and 7 point plus.

Meanwhile, the Indian government has reportedly reduced import duty on imported soyoil and sunflower oil by 7.5 per cent. There were indications that the basic customs duty would be reduced from 15 per cent to 5.50 per cent. Soybean oil import duty reduced to Rs. It has decreased by 4.31. The duty per tonne was earlier Rs. 4 to Rs. It's 3 o'clock.

Meanwhile, the government had earlier reduced the import duty on palm oil and now it has also reduced the import duty on soyoil and sunflower oil. Mundra- The prices of various deliveries at Hamira are Rs. 15 to 18, soyoil Rs. 120 to 150 and sunflower Rs. There were instructions to stay from 1800 to 1910. In the Mumbai spot market today, the price of 10 kg of cingulum oil is Rs. 150 and cottonseed oil Rs. Lived in 1910. While the price of mustard is Rs. 120 and 1500 of refined. Mumbai spot castor oil prices rose to Rs 10 per kg today. The price of castor was Rs. 2 with Rs. Were living.

The price of a tonne of cottonseed meal in the Mumbai flour market today is Rs. 200 were increased. While the price of sunflower meal is Rs. 1000 was reduced. The price of soymeal is Rs. From 2030 to 2030, today it is Rs. 20 to 200 were spoken. Meanwhile, soybean income was 10,000 times higher in Madhya Pradesh today and the spot price there was Rs. There were instructions to stay 500 to 700. Soybean futures were up today.