Bangladesh Govt to procure 55,000 tonnes soybean oil for OMS
The government plans to procure 55,000 liters of soybean oil for the Open Market Sale (OMS) program and import 120,000 tonnes of fertilizers to meet local demand. The Trading Corporation of Bangladesh (TCB) will purchase the soybean oil from City Edible Oil Limited at Tk 86.84 crore. The Bangladesh Agriculture Development Corporation (BADC) will import 120,000 tonnes of DAP fertilizer from China, Morocco, and Saudi Arabia under various contracts, along with 30,000 tonnes of urea fertilizer from SABIC Agri-nutrients Company.
The government will procure 55,000 litres of soybean oil for the Open Market Sale (OMS) programme.
Besides, it will import 50,000 tonnes of fertiliser to meet the local demands.
The Advisers Council Committee on Government Purchase (ACCGB) in a meeting, with Finance Adviser Dr Salehuddin Ahmed in the chair, approved a number proposals from different ministries in this regard.
As per a proposal, placed by the commerce ministry, its subordinate body the Trading Corporation of Bangladesh (TCB) will purchase the 55,000 litres of soybean oil.
City Edible Oil Limited, a local company, which was selected through an open tender process, will supply the edible oil at a total cost of about Tk 86.84 crore, with each litre at Tk 157.90.
Three separate proposals of the Agriculture Ministry received the nod of the Advisers Council Committee for importing a total of 120,000 tonnes of fertilisers.
Of these, the Bangladesh Agriculture Development Corporation (BADC) will import 40,000 tonnes of DAP fertiliser from Banyan International Trading Limited of China under state level contract at a cost of Tk 294.36 crore, with each tonne at $613.25.
BADC will import 40,000 tonnes of DAP fertiliser from OCP of Morocco under a state level contract at a cost of Tk 287.28 crore, with each tonne at $598.50.
The BADC will import another lot of 40,000 tonnes of DAP fertiliser from Ma’aden of Saudi Arabia under a state level contract at a cost of Tk 290.88 crore, each tonne at $606.
The Industries Ministry’s proposal to import 30,000 tonnes of bulk granular urea fertiliser received the nod of the committee. Bangladesh Chemical Industries Corporation (BCIC) will import the bulk fertiliser from SABIC Agri-nutrients Company of Saudi Arabia at a cost of Tk 129.35 crore, with each tonne at $359.33.
Source Link : https://businesspostbd.com/economy/govt-to-procure-55000-tonnes-soybean-oil-for-oms
