Effective import duty on various edible oils imported into the country increased

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(Gujarat News Office) MUMBAI: The Mumbai oilseeds market rallied today. It was reported that the government had extended the stock limit till June 30 due to rising oil and oil prices. The world market was booming. Manufacturing establishments were also firm. Meanwhile, there was news that the government has increased the rate of dollar customs exorbitant price for importers in the country from Rs 2.50 to Rs 4.5. This has led to an increase in the effective import duty on various edible oils imported into the country, market insiders said.

Such an effective import duty on crude palm oil has gone up by Rs 5 to 20 per tonne, while that of palmolin has gone up by Rs 5 to 6 and that of soyoil by Rs 4 to 5 per tonne. In the Mumbai spot market today, the price of imported palm oil rose to Rs 12 per 10 kg. Thousands of tonnes of palm oil were traded today on rising demand. Crude palm oil CPO Kandla was quoted at Rs 15.

Soyoil prices rose to Rs 12 for digam and Rs 15 for ref. The price of Sun Flower was increased by Rs. 150 and Rs. However, the price of mustard fell to Rs 150 and Rs 150 to ref.

Cottonseed oil rose by Rs 150. Singtel was Rs. At Saurashtra, cotton washed was Rs 150 to Rs 15. In the US today, soyoil prices were 3 to 4 points higher in the projection. Castor futures rose by Rs 3 to Rs 500.

Meanwhile, Mumbai spot castor and spot castor prices were calm today. In Mumbai flour market, however, the price per tonne of castor flour increased by Rs 100. While soymeal prices were raised by Rs. The price of sunflower meal, however, fell below Rs.1000 per tonne. The others were quiet.

Meanwhile, in the Mumbai spot market, the price of Koparel today was Rs 150 per 10 kg at Rs 150. Two villages in Indonesia have been placed on red alert for widespread deaths of milch cattle. As this spread, some sections were fearing that it would affect palm oil production.

Palm oil futures in Malaysia jumped 10 આજે points today. There were indications that the prices of cotton washed were rising in various establishments at home. Meanwhile, Rooney's All India revenue today was 1 lakh 2 to 30 thousand bales.

Soabin's income was 1 lakh 20 thousand times in Madhya Pradesh and 2 lakh 3 thousand times in All India. Prices for various deliveries at Mundra-Hazira ranged from Rs 15 to Rs 120 for soyoil and Rs 1,310 to Rs 1,612 for sunflower. While palm oil was quoted at Rs 15 to 18.

In Malaysia, palm oil production was reported to have declined by 15 to 18 per cent in January. Soybean production in Argentina is projected to decline. However, overnight trade in the US saw a decline in soyoil and soybean prices.

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