19/9/2005 (India Infoline) - A statement of Government India said onFriday cut base import prices of palm and soyoil across the board, a movewhich may depress domestic prices, without affecting import volumes. Thebase price of crude soybean oil had been cut to $506 a ton from $558 andcrude palm oil had been reduced to $397 from $423.

The base price of RBD palm oil has been cut to $418 a ton from $429, whilethat of other palm oil has been reduced to $408 from $426. It also cut theprice of crude palm olein to $414 a ton from $432 and brought down RBDpalm olein base prices to $427 a ton from $438.

At 1220 GMT, October soyoil at the Multi Commodity Exchange (MCX) fellRs1.60 to RS364.50 per 10 kg. September contract at the National Commodityand Derivatives Exchange (NCDEX) was down Rs1.15 to RS362 per 10 kg.(1USD = RM3.76)