🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

India slashes base import price of crude palm oil by $36/T

Published 30-01-2021, 10:34 am
© Reuters.
XAU/USD
-
GC
-

MUMBAI, Jan 30 (Reuters) - 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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.