NEW DELHI, Dec 5 (Reuters) - India's MMTC Ltd has
bought 22,500 tonnes of RBD palmolein at $821 per tonne,
including cost, insurance and freight, trade sources said on
Wednesday, lower than the last known price paid by another
state-run trading company.
The cargoes, purchased on behalf of Andhra Pradesh state,
will be delivered on the east coast by Dec. 21.
On Nov. 27, MMTC had issued an import tender seeking 48,000
tonnes of refined, bleached and deodorised (RBD)
State-run trading companies such as MMTC and PEC regularly
buy cooking oils on behalf of state governments for cheaper
supplies to the poor.
Last month, PEC bought 8,000 tonnes of RBD palmolein at $826
per tonne on behalf of Tamil Nadu state.
India, the world's top vegetable oil importer, buys mainly
palm oils from Malaysia and Indonesia, and a small quantity of
soyoil from Brazil and Argentina.
(Reporting by Ratnajyoti Dutta; editing by Mayank Bhardwaj)