MMTC floats tender for palm oil import
In an effort to meet the demand of edible oils in the festive season, state-run trading company MMTC has invited bids for import of crude palm oil and RBD palmolein for arrival by October end.
By PTI |
NEW DELHI: In an effort to meet the demand of edible oils in the festive season, state-run trading company MMTC has invited bids for import of crude palm oil and RBD palmolein for arrival by October end.
The last date for submission of bids is October 3. The oil should be of Malaysian or Indonesian origin and be in lots of 3,000 tons or its multiples, the company said.
Crude palm oil will be for discharge in the western port of Kandla and the southern ports of Chennai and Kochi while RBD palmolein will be in the ports of Kandla and Mumbai, it said.
India, one of the world's leading oils buyer, imports palm oils from Malaysia and Indonesia and soy oils from Argentina and Brazil. It buys around 50 per cent of its annual 11 million tons of consumption.
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