India raises base import prices for palm and soybean oil
RBD Palm Oil
Refined Soybean Oil
India
Published Nov 17, 2022
Tridge summary
India raised base import prices for crude and refined palm oil, crude soybean oil, and palm olein. This is reported by Reuters, citing a government statement. It should be noted that the local authorities review the basic import prices for edible oils every two weeks, using these figures later to calculate the amount of tax that the importer must pay.
Original content
Thus, the price for crude palm oil was increased from $952 to $960 per ton, for refined oil from $962 to $988 per ton, for palm olein from $971 to $1008 per ton, for crude soybean oil from $1,345 to $1,354 per ton. . Recall that in the period from November 2021 to October 2022, according to analysts from the National Association of Vegetable Oil Producers (Solvent Extractors' Association of India, SEA), India imported over 14 million tons of vegetable oil (sunflower, soybean, palm) , which is about 1 million tons higher than the level of the same months ...
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