| Date: |
03-05-2012 |
| Subject: |
MMTC invites bids for import of 21,000 tonnes of RBD palmolein Close |
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NEW DELHI: State-owned trading firm MMTC has invited global bids for the import of 21,000 tonnes of RBD palmolein for sale in the domestic market.
The last date of submission of bids is May 18 and a decision on awarding the contract would be taken on the same day, MMTC said in a notification on its website.
While 12,000 tonnes of refined bleached and deodorised (RBD) palmolein is to be delivered at the Kakinada (Andhra Pradesh) by May 28, another 9,000 tonnes of the palmolein is to be shipped to the Krishnapatnam port in Andhra Pradesh by May 30, it added.
The palmolein to be imported should be from Indonesia and/or Malaysia, it said.
RBD palmolein is a refined, bleached and deodorised form of palm oil, which is extracted after crushing palm fruit. It is used as edible cooking oil.
MMTC, PEC and STC import edible oils on behalf of the government for distribution through ration shops. Import duty on crude edible oil is nil and 7.5 per cent on refined oil.
India had imported around 8.37 million tonnes of edible oil in the 2010-11 oil year (November- October).
Source : economictimes.indiatimes.com
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