Overview of our activities
In line with the objectives laid out in Section 4 of the State Trading Corporation Act of 1982, STC undertakes the sourcing and importation of selected essential strategic commodities including petroleum products, Liquefied Petroleum Gas (LPG), long grain white rice and wheat flour to meet the needs of the domestic market.
STC was directed by Government in 1983 to take over the responsibility for the importation of 25% of the country’s domestic market requirements. This share was increased to 50% in 1984. In 1985 took over 100% of imports for both inland and international trade.
The range of petroleum products supplied by STC is comprised of Gasoline (Mogas 95 RON), Gasoil (Diesel 500 ppm S and Marine Gasoil 2500 ppm S), Jet A-1, Fuel Oil 180 CST (Straight Run), Fuel Oil 180 CST (Catalytically Cracked), Fuel Oil 380 CST (Straight Run), and, since 2002, Liquefied Petroleum Gas (LPG). The latter is currently estimated to be utilized by 98% households as a source of energy for cooking and water-heating.
In 2002, the Government decided that there should be public intervention in the LPG market. The Corporation was instructed by the government to take over the country’s total requirements of 47,000 Mt from the existing importers as from 2003.
Rice and Flour
The State Trading Corporation’s first mission at its creation in 1983 was to take over all the activities of the former Department of Supplies until then responsible for the importation and supply of what was then known as Ration rice and of Wheat Flour.
Today STC imports basic long grain, polished white rice with maximum 25% broken kernels, which is then made available for public retail at a fixed subsidized price of Rs 5.40 per ½ kg since July 2006.
STC also ensures the market supply of all our requirements in Wheat Flour throughout the year through both imports and procurement from the local miller. About 90% of the flour is absorbed by bakeries and the rest is for household use. All the flour is sold at a subsidized retail price maintained at Rs. 5.85 per ½ kg fixed since December 2008.
STC thus executes Government policy aimed at keeping the market fully supplied in those two basic staple foods within reach of the whole population at low prices.
Lafarge (Mtius) Cement Ltd (ex-Mauritius Portland Cement Co MPCC Ltd, had the monopoly to import and distribute Portland Cement in the country since 1957. The Government felt that it would be in the interest of the country to have more than one importer and in 1984 STC was entrusted with the responsibility of importing 25% of the country’s requirements. From 1985 onwards STC’s share of imports was increased to 50%. Eventually, during the year 2004 and 2005, STC’s share of imports was reduced to 25% (representing around 150,000 Mtons). For the year 2006, STC’s share has been increased to around 33%- representing some 200,000 Mtons.
In 2000, Holcim (Mtius) Ltd (ex-Cement de l'Océan Indien COIL Ltd), installed its own cement terminal in Port-Louis. Currently Holcim (Mtius) Ltd is sharing the market with Lafarge (Mtius) Cement Ltd.
The cement imported by STC is sold in bulk to Lafarge (Mtius) Cement Ltd and Holcim (Mtius) Ltd and these two companies are responsible for marketing and distribution of the product.
As from 1 July 2011, the importation and selling price of cement has been liberalised. The STC is therefore no more importing cement, but is on standby and ready to intervene in the market, if required by Government.
Quality Assurance & Certification
Quality tests are carried out by Independent Accredited International Surveyors at loading / discharge ports for all products imported by STC.