MUMBAI (Reuters) – India has raised the base import prices of palm oil and soyoil, the government said in a statement late on Thursday, as prices jumped in overseas markets.
The government revises base import prices of edible oils, gold, and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay.
India, the world’s biggest edible oils importer, has extended a stock limit on oilseeds and edible oils by six months to Dec. 31, 2022.
Commodity New price in $ Old price in $
Crude palm oil 1,551 1,449
RBD palm oil 1,594 1,496
RBD palmolein 1,603 1,505
Crude soya oil 1,619 1,537
Gold 623 629
Silver 805 825
Base prices for all commodities are in $ per tonne, except for gold and silver. The gold tariff is in $ per 10 grams and silver in $ per kg.
(Reporting by Rajendra Jadhav; editing by David Evans)
