[ Back ]     [ Comments ]     [ Print ]

News Admin
 
Date
 10/10/2007
News Provider
 Kamar Nor Aini Bt Kamarul Zaman
News Source
 Xinhua
Headline
 India invites bids for oil import

09/10/2007 (Xinhua) - India's state-run trading firm MMTC has invited bids for import of 21,000 tons of edible oil, the company said Tuesday.


The move aims at meeting rising demands during the festive season beginning later this month.


MMTC plans to import 18,000 tons of crude palm oil and 3,000 tons of other oil this month.


The Indian government has asked state-run firms like STC Ltd, MMTC and PEC Ltd to step up edible oil purchases to meet surging demands.


As one of the world's leading oil buyers, India imports palm oil from Malaysia and Indonesia and soy oil from Argentina and Brazil.


The country is expected to buy 6 million tons of edible oil by October 2008, industry officials said.


Source: Xinhua


ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
Tel : 603 - 7802 2800 || Fax : 603 - 7803 3533