India slashes base import price of crude palm oil by $36 per tonne
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
MUMBAI - India slashed the base import price of crude palm oil by $36 to $1,013 per tonne, the government said in a statement late on Friday.
The government revises base import prices of edible oils, gold and silver every fortnight and the price is used to calculate the amount of tax an importer needs to pay.
The world's biggest edible oil importer has levied 27.5 percent duty on crude palm oil imports.
Commodity new price in $ old price in $
crude palm oil 1,013 1,049
RBD palm oil 1,038 1,061
RBD palmolein 1,047 1,067
crude soya oil 1,127 1,165
gold 597 593
silver 812 814
Base prices for all commodities are in $ per tonne, except for gold and silver. Gold tariff is $ per 10 grams and silver $ per kg.
(Reporting by Rajendra Jadhav)
