India allows 100k tonnes Corn imports at lower duty as prices jump
Commodity Online | June 19 2019
UPDATED 13:17:40 IST

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India allowed two state-run trading companies to import 100,000 tonnes of corn at a concessional 15 percent import tax, the government said on June 14, as prices of the animal feed jumped in the south Asian country because of drought.

State-run MMTC and NAFED were each allowed to import 50,000 tonnes of corn for poultry firms in the 2019-20 financial year starting on April 1, it said in a statement.

India, the world's seventh-biggest corn producer, otherwise imposes a 60 percent import tax on the grain.

 

Commodity Arrivals Rate
Mustard Oil 8.97 10300.00
Coconut Oil 2.5 16200.00
Arecanut 0.65 21000.00
Sugar 8.65 3900.00

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