Live Spot Prices
RBD Palmolein ( MCX ) 550 | Crude Oil ( MCX ) 3118 | Crude Palm Oil ( MCX ) 511 | Nickel ( MCX ) 715.3 | Maize ( NCDEX ) 1325 | Turmeric ( NCDEX ) 7404 | Guargum ( NCDEX ) 8362
Vietnam and India agree to lift commodities import ban
Commodity Online | March 20 2017
UPDATED 13:58:29 IST

Government to sell buffer stock at prevailing mandi prices

Pulses price increase as import restriction pays off

MCX reports Rs. 10,498.39 crore in daily turnover

MCX Cardamom Sep17 gains by 8.77% for the week; Mentha Oil Aug17 up 9.72%

Crude Oil to trend lower today

With India responding to the Vietnamese ban on five Indian commodities by temporarily suspending the imports of six Vietnamese commodities, the Vietnamese government has responded by asking India to lift the ban.

Earlier India has suspended imports of Coffee, Pepper, Cinnamon, Bamboo, Cassia and Dragon fruit, from March 7, which was after the Vietnamese imposed a ban on Indian commodities, stating the reason of the presence of peanut beetle.

With India’s ban on Vietnamese commodities, several shipments of Coffee from Vietnam have been delayed and also the prices of Pepper in the Vietnamese domestic market also went down.

According to the Vietnamese customs data, the Coffee exports volume from the country has seen a decline of 10 percent to 81000 tons during March 1-15, when compared to same period last year.

After the official meeting between the delegates of the two countries, India have decided to lift the imports ban on Vietnamese commodities in return to the lifting the ban on imports of Indian commodities to Vietnam.

Commodity Arrivals Rate
Mustard Oil NR 10400.00
Coconut Oil 35 15650.00
Arecanut NR 19000.00
Sugar NR 4550.00