July 6, 2007


India keeps soy, palm oils base import price unchanged


India left the base import prices of soyoil and palm oils unchanged at current levels Thursday (Jul 5) to keep a check on domestic prices.


There has been no change in the base import prices of edible oils, a finance ministry statement said.


The base import price for crude palm oil is unchanged at US$447/tonne, while that of crude soyoil is unchanged at US$580/tonne.


In India, import tariffs for palm oils and soyoil are calculated from base import prices, regardless of the actual price at which importers buy the commodities.


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