HNI Commodity Pack, Trade measures boost the edible oil industry
Oilseed prices have risen in the last two days following the government’s decision to bail out domestic edible oil producers through a sharp rise in import duties.
The government had on November 18 almost doubled the import duty on all variants of edible oils. The hike has started working in favor of farmers and soybean is leading the oilseed price increase.
Soybean prices have shot up by seven per cent to Rs 3,052 a quintal over the last two weeks in the Indore mandi. Trailing by Rs 200-250 a quintal for several weeks, soybean in the Indore mandi has exceeded its minimum support price.
Free Trial...
Hello Traders!!! Grab This Offer As Soon As Possible
Ripples Advisory provides 2 Days free Trial In All Segments Equity, Commodity And Forex. Just Go To Link And Just Register Yourself here. www.ripplesadvisory.com
0 comments
Note: only a member of this blog may post a comment.