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PEC floats tender for import of 15,000 tn of palm oil

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Press Trust of India New Delhi

State-owned trading firm PEC has floated a tender to import 15,000 tonne of RBD palmolien for sale in the domestic market.

The company has sought delivery of the consignment at Chennai and Tuticorin ports in equal quantity, according to tender document posted on the company's website.

The last date for submitting the bids is April 29.

MMTC, PEC and STC import edible oils on behalf of the government for distribution through ration shops.

India imported over nine million tonne of vegetable oils in 2009-10 oil year (November-October), which is more than 50% of its total domestic requirement.

The country imports palm oil from Indonesia and Malaysia and soyabean oil from Argentina and Brazil.

 

At present, there is zero duty on import of crude edible oils and 7.5% on refined edible oils.

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First Published: Apr 27 2011 | 3:33 PM IST

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