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India's STC to import 85000 tons of RBD palmolein

India's STC to import 85000 tons of RBD palmolein

Write: Fitch [2011-05-20]
India's public trading utility, State Trading Corporation (STC) has floated tender, inviting bids to import 8500 tons of refined, bleached and deodorized palmolein in August-September.

Bidders are asked to file their bids before July 21 and the decision on the bids would be taken on July 22,it said on its website.

Bidders should source RBD palmolein either from Malaysia or Indonesia. The shipment of 8000 tons should arrive at Chennai and the rest 500 tons at Tuticorin port between August and September.

RBD palmolein is refined, bleached and deodorised form of palm oil, which is extracted after crushing palm fruit. According to industry data, India imported a total of 42282 tons of RBD palmolein last month.