India increases base import price of Crude Palm Oil by $11 per tonne
Commodity Online | June 17 2019
UPDATED 13:47:03 IST

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India has increased the base import price of crude palm oil by $11 to $525 per tonne, the government said in a statement.

Import tariff value on RBD palm oil raised by $10 to $556 per tonne.

The government usually 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 40 percent duty on crude palm oil imports.

Malaysia and Indonesia are the main suppliers of palm oil to India.

The government keeps import tariff value on crude soya bean oil unchanged at $709 per tonne.

 

Commodity Arrivals Rate
Coconut Oil 30 15850.00
Arecanut 35 23000.00
Sugar 494 3232.00
Rubber 0.08 14500.00

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