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MUMBAI - India kept the base import prices of palm oil and soybean oil unchanged for a fortnight, the government said in a statement late Tuesday, even as prices of the cooking oils fell sharply in the global market.
The government revises base import prices of edible oils, gold, and silver every fortnight and the price is used to calculate the amount of tax an importer needs to pay.
Commodity New price in $ Old price in $
Crude palm oil 1,222 1,222
RBD palm oil 1,245 1,245
RBD palmolein 1,265 1,265
Crude soya oil 1,452 1,452
Gold 601 612
Silver 893 890
Base prices for all commodities are in $ per tonne, except for gold and silver. Gold tariff is in $ per 10 grams and silver in $ per kg.
(Reporting by Rajendra Jadhav) ((rajendra.jadhav@thomsonreuters.com; +91-22-68414378 ; Reuters Messaging: rajendra.jadhav.thomsonreuters.com@reuters.net))