STC to decide on bids for edible oil imports
State-owned trading firm STC, will decide on the bids it has invited bids for importing 12,000 tonne of edible oils on Thursday.
By PTI |
NEW DELHI: State-owned trading firm STC, will decide on the bids it has invited bids for importing 12,000 tonne of edible oils on Thursday.
The company had invited bids for importing 9,000 tonne of crude palm oil and 2,000-3,000 tonne of RBD palmolein, STC said.
The bids, which would close on Thursday, is for the entire tender quantity, and particularly for oils of Malaysian or Indonesian origin oils, the company said.
Earlier last week, to keep a check on the prices of edible oils during the festival season, especially during Diwali, the government had asked state-run firms STC, MMTC, PEC and NAFED to import 1.25 lakh tonne of edible oil.
Out of 9,000 tonne of crude palm oil, 6,000 tonne would be for discharge in the western port of Kandla and the rest 3,000 tonne in the southern port of Chennai. The 2,000-3,000 tonne of RBD palmolein will be for discharge in Mumbai.
According to Solvent Extractors Association, edible oil import during November 2006 to September 2007 stood at 42.1 lakh tonne. India, one of the world's leading oils buyers, imports palm oils from Malaysia and Indonesia and soya oils from Argentina and Brazil.
The company had invited bids for importing 9,000 tonne of crude palm oil and 2,000-3,000 tonne of RBD palmolein, STC said.
The bids, which would close on Thursday, is for the entire tender quantity, and particularly for oils of Malaysian or Indonesian origin oils, the company said.
Earlier last week, to keep a check on the prices of edible oils during the festival season, especially during Diwali, the government had asked state-run firms STC, MMTC, PEC and NAFED to import 1.25 lakh tonne of edible oil.
Out of 9,000 tonne of crude palm oil, 6,000 tonne would be for discharge in the western port of Kandla and the rest 3,000 tonne in the southern port of Chennai. The 2,000-3,000 tonne of RBD palmolein will be for discharge in Mumbai.
According to Solvent Extractors Association, edible oil import during November 2006 to September 2007 stood at 42.1 lakh tonne. India, one of the world's leading oils buyers, imports palm oils from Malaysia and Indonesia and soya oils from Argentina and Brazil.
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