Daily update All Commodity news like: Wheat, Rice, Maize, Guar, Sugar, Gur, Pulses, Spices, india p

Daily update All Commodity news like: Wheat, Rice, Maize, Guar, Sugar, Gur, Pulses, Spices, india post Mentha Oil & Oil Complex (Musterd india post seed & Oil, soyabeen seed & Oil, Groundnet seed & Oil, Pam Oil etc.)
Despite the sharp fall in the prices of edible india post oils Government Public india post Distribution System (PDS) through a plan of distribution of edible oils will not close. Protect consumers from spiraling india post prices of edible oils, the government launched india post the scheme in August. From its peak prices of edible oils have fallen by 75-78 per cent. Director-General U NAFED. india post The. S.. Chauhan said that currently have no plans to discontinue the scheme. Yet the government has not taken any such decision. Planned distribution of edible oil through PDS will continue until March next year. According to the plan, the government distributed one million tonnes india post of imported soya and palm oil is priced at less than fifteen bucks. The four agencies of the central government NAFED, MMTC, STC and PEC is the responsibility of edible oil imports. india post Given the steep decline in prices by states under the scheme is not seeking edible oils. He was previously with the demand, they are not taking him. Whereby these agencies has increased the stock of imported oil. In March this year, edible oil prices were at the highest level. Since then their prices in global markets as well as domestic market is shrinking. Palm oil prices in March this year had reached $ 1,400 per ton to $ 280 per ton is currently down. Soy oil prices in the same period, down from $ 400 to $ 1700 per tonne is reached. Yet the government to close the scheme is not considered. Continued india post substantial decline in domestic soybean prices have been significantly reduced. At the same time markets for farmers to sell their crops in the fall. Given this situation, the government is considering levying import duty on edible oils. In April this year, the import duty on crude edible oils poo