India has no plan now to raise import tax on sugar

India has no plan at present to raise import tax on sugar as the Govt doesn’t see prospects of imports from Pakistan as of now, as per report. Although sugar availability of this year remains as tight as last year, India will have sufficient sugar to meet domestic demand without overseas purchases. The govt has pegged total sugar output at 24.…

Mentha oil futures trade lower 2.88% on profit-booking

Mentha oil prices were traded on lower by 2.88% to Rs.1849.40 per kilo in futures market Monday, since speculators have booked profits at current levels despite fall in demand from consuming industries in the spot markets. Besides, sufficient stocks position on higher supplies from major producing belt of Chandausi in U.P. further increased the do…

Onion and tomato prices are likely to decrease in retail markets shortly

Prices of Onion and tomato are expected to cool down in retail markets in the coming 15 to 20 days in hopes of the expected arrival of fresh crop, according to Agriculture Secretary S K Pattanayak. As per the latest trade-data, onion and tomato prices are at the top range of Rs 70 to 80 per kg in the retail market of the national capital and in …

Govt raises import tax on edible oils to its highest

Government has raised import tax on edible oil to the highest level with effect from November 2017.  The duty increase will effect on oilseed prices and their availability for crushing in the Indian market, helping the country in capping edible oil imports in the 2017-18 marketing year, which started on 1 November. The import tax on crude palm oi…