July 20, 2024

Moon Desk: The government has approved three proposals to procure 2.75 crore litres of Soybean oil from Trading Corporation of Bangladesh (TCB) spending Tk 510.26 crore.

The approval was given at a meeting of the Cabinet Committee on Government Purchase (CCGP) held virtually with Finance Minister AHM Mustafa Kamal in the chair.

The meeting also approved two proposals to import of 1,30,000 metric tonnes of MoP and TSP fertiliers from Canada and the UAE.

After the meeting held virtually, Additional Secretary of the Cabinet Division Syeed Mahmud Khan said the cabinet committee approved three proposals of the Commerce Ministry to procure a total of 2.75 crore litres of Soybean oil from local suppliers under three seperate lots.

Under the approval, he said Trading Corporation of Bangladesh (TCB) under the Ministry of Commerce will procure 1.10 crore litres of soybean oil from City Edible Oil Limited at a cost of Tk 203.32 crore. Each litre of soyabean oil will cost Tk 184.84.


He mentioned that TCB will also procure 55 lakh litres of soybean oil from Sung Shing Edible Oil with a cost of Tk 101.47 crore. Each litre will cost Tk 184.50.


Another 1.10 crore will be procured from Super Oil Refinery Limited with a cost of Tk 204.54 crore, he added. Each litre of soyabean oil import will cost Tk 185.95.


Earlier on November 30 last, the CCGP approved procuring 20 lakh litres of soyabean oil. At that time, each litre of soyabean oil was estimated at Tk 156.98.

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