The National Agricultural Cooperative Marketing Federation of India will import 15,000 tonnes of crude palm oil for delivery in November, an official of the state-owned cooperative said. | |
| "The objective is to keep a check on edible oil prices by boosting supplies," the official said. Entire delivery should be made before November 20. |
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| The supplies should originate either from Malaysia or Indonesia. The contract will be finalised on Thursday. Earlier this month, state-owned agencies MMTC and State Trading Corporation had invited bids to buy crude palm oil. Last week, MMTC decided to buy 5,500 tn crude palm oil at $800 a tonne. |
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