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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
