MMTC invites bids for import of 20,000 tonne of edible oil

To boost domestic supply of edible oil, state-owned trading company MMTC has invited bids for the import of 20,000 tonne of RBD palmolein and crude palm oil.

The last date for submission of bids against the tender is June 6 and a decision on awarding the contract will be taken on the same day, MMTC said on its website.

The company said that while 6,000 tonne of refined, bleached and de-odorised palmolein is for immediate shipment, latest by June 15, another consignment of the same tonnage is to be shipped by July 15.

According to MMTC, 3,000 tonne of crude palm oil needs to be shipped by June 30 and another 5,000 tonne by July 15, 2011.
    
The country of origin is Indonesia and/or Malaysia and the discharge port for all the consignments is Kandla in Gujarat, it added.
    
MMTC, PEC and STC import edible oils on behalf of the government for distribution through ration shops.
    
India imported over 9 million tonne of vegetable oil in the 2009-10 oil year (November-October), which is more than 50% of its total domestic requirement.