OPR (oleo pine resin) auction was held today at Rishikesh (Uttrakhand) and the following has been the details

Quantity purchased

 950-1050 MT (95-105 Trucks)

Crop Period

Around 55-60% was 2017 crop

20-25% was 2016 crop

15-20% was 2015 crop

Price

INR 56.50/Kg for 2017 crop

INR 53.00/Kg for 2016 crop

INR 49.70/Kg for 2015 crop

What is the additional cost on the base price?

• An additional 2.5% will be the Mandi Tax
• 2% will be stamp duty charges
• 0.5% will be Misc Charges

And the most important change will be

• GST will be applicable on this @ 5%

Prices has been on an increasing trend as now government has lesser stock as it used to be few months back. And even the prices in international market are increasing.