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Commodity Commentary
May 20 2008 9:56AM
PEC calls bids for palmolein imports
To boost domestic supply of edible oil, PEC has invited bids to import 24000 tonnes of RBD palmolein to be delivered in June. The bids would close on May 23 and the decision on the tender would be taken on the same day.

The Government recently decided to import 1 millio tonnes of edible oil during 2008-09 fiscal via State trading agencies- MMTC, PEC, STC and NAFED- to supply people through the public distribution system.

According to the tender, the bidder should deliver 12000 tonnes of RBD palmolein for eastern ports, while another 12000 tonnes for western ports between June 1 and 30.

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