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Govt reduces base palm oil import prices, increases crude soyabean oil prices

03 May 2013 Evaluate

The base import price of palm oil and its variants has been reduced by the government, while the same has been hiked for crude soyabean oil in line with the change in international prices.  The base import price for crude soyabean oil has been increased by $9 per tonne to $1,103 from the earlier $1,094.

For refined, bleached and deodorised (RBD) palm oil, the new base price has been set at $851 per tone, higher from earlier price of $857, while for other palm oil it stands at $838 compared to $842 earlier.  The base price for import of crude palm oil has been reduced to $824 per tonne from the earlier $827. For crude palmolein too, the base price has been reduced to $838 from $842, while for RBD palmolein it is fixed at $861 against $867 earlier. For palmolein (others), the base price is fixed at $860, lower from $866 previously.

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