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

Govt extends relaxed fumigation norms for Onion imports till Dec 31

Retail inflation jumps to 4.62% in October

Global Rice production seen flat in 2019-20: USDA

India's Tea production up 5.7% in September

Wheat sowing declines by 37% at 9.69 lakh hectare so far

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 45 10200.00
Coconut Oil 0.1 17100.00
Arecanut 16 24500.00
Sugar 228 3342.00

More

×