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Govt to buy 1.25cr litres soybean oil for TCB

News Desk | banglanews24.com
Update: 2022-08-17 20:24:09
Govt to buy 1.25cr litres soybean oil for TCB

The government has decided to procure 1.25 crore litres of soybean oil for Trading Corporation of Bangladesh (TCB) to carry out its sale campaign to low-income people. 

It will cost the state coffer Tk 225.13 crore. Besides, 5000 kilogram of lentil will also be oprocured for the state-run trading agency  following direct procurment method. 

Cabinet committee on government purchase (CCGB) gave nod to two separate producurement proposals in this regard held on Wednesday with Finance Minister AHM Mustafa Kamal in the chair. 

Commerce Ministry placed the proposals on behalf of the TCB, the state marketing agency.

At a media briefing later, Cabinet Division Additional Secretary Abdul Barik said the TCB will procure the commodities through direct procurement method (DPM) showing the cause of emergency needs.

The TCB, a subordinate body of the Commerce Ministry, will sell these goods to people at controlled rates as part of the government’s open market sale (OMS) programe, he added.

Under a proposal, some 40 lakh litre of soybean oil will be procured from Super Oil Refinery at Tk 173.95 per litre while remaining 85 lakh litre will be purchased from three suppliers at Tk 171 per litre.

Of the three suppliers, Shun Shing Edible Oil Ltd, a subsidiary company of Bangladesh Edible Oil Limited (BEOL), will supply 20 lakh litres while Bashundhara Multi Food Products Limited (BMFPL), a subsidiary of Bashundhara Group, will supply 35 lakh litres and Sena Edible Oil Industry, a subsidiary of Sena Kalyan Sangstha Bangladesh, will provide 30,000 litre of soybean oil.

The 40 lakh litres of the edible oil will cost Tk 69.58 crore while 85 lakh litres will cost over Tk 145.35 crore. 

Some 5000 kg of lentil will be procured from three suppliers spending Tk 55.5 crore with each kg price at Tk 111.

Of these, some 3000 kgs will be purchased from ACI Limited, 1000 kgs from Nadil Traders and 1000 kgs from Roy Traders.

The CCGP also approved another 13 proposals from different ministries.

BDST: 2024 HRS, Aug 17, 2022
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