Bangladesh Govt to procure 14.8 million litres edible oil, 10,000 MTs lentil
The Bangladesh government has approved the procurement of 14.8 million liters of edible oil and 10,000 MT of lentils to meet rising demand. The Trading Corporation of Bangladesh (TCB) will purchase the lentils at Tk 95.97 per kg from Nabil Naba Foods, and the soybean oil at Tk 140 per liter and palm oil at Tk 130 per liter from S Alam Super Edible Oil Limited, under local procurement methods. These purchases are part of efforts to stabilize supply in the current fiscal year.
The government on Wednesday approved separate proposals for procuring over 14.8 million litres of edible oil and 10,000 metric tons (MTs) of lentils to meet the growing demand of the country.
The approval came during the 16th meeting of the Advisers Council Committee on Government Purchase (ACCGP) this year, held at the Cabinet Division conference room at the Bangladesh Secretariat, with Dr Salehuddin Ahmed, Adviser to the interim government on the Ministry of Finance, in the chair, BSS reports.
Briefing reporters after the meeting, he said that, following a proposal from the Ministry of Commerce, the state-run Trading Corporation of Bangladesh (TCB) would procure 10,000 MTs of lentils from Nabil Naba Foods Limited under the local Open Tender Method (OTM) at a cost of around Tk 0.96 billion, where the price per kilogram (Kg) of lentils would be Tk 95.97.
In response to another proposal from the Ministry of Commerce, the TCB would procure 38.1 million litres of loose soybean oil under the local Direct Procurement Method (DPM) for the current fiscal year from S Alam Super Edible Oil Limited at a cost of around Tk 533.4 million, with the price per litre of oil set at Tk 140.
The TCB would also procure 11 million litres of refined loose palm oil under the local DPM for the current fiscal year from S Alam Super Edible Oil Limited at a cost of around Tk 1.43 billion, with the price per litre of oil fixed at Tk 130.
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Source : Financial Express
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