TCB to buy 1.65cr litres of edible oil from local suppliers again

Cabinet Committee on Government Purchase approved some 10 proposals including procurement of edible oil by the Trading Corporation of Bangladesh (TCB), and fertiliser by Bangladesh Agricultural Development Corporation (BADC) and Bangladesh Chemical Industries Corporation (BCIC).

TCB will again purchase a total of 1.65 crore (16.5 million) litres of edible oil from three local companies to run its open marketing sale (OMS) programme.

The state marketing agency TCB, a subordinate body of the Commerce Ministry, last week received a nod for procuring 2.25 crore (22.5 million) litres of soybean oil and 15,000 tonnes of lentils from local suppliers for the same purpose.

Cabinet Committee on Government Purchase (CCGP) in its meeting on Wednesday approved three new separate proposals, placed by the Commerce Ministry on behalf of TCB in this regard. Finance Minister AHM Mustafa Kamal presided over the virtual meeting.

As per the decision of the CCGP meeting, the TCB will procure 55 lakh (5.5 million) litres of soybean oil from each of the three companies—Super Oil Refinery Ltd, City Edible Oil Ltd and Meghna Edible Oil Refinery of Dhaka. Each litre will cost Tk 185 and each of the companies will supply the edible oils through two-litre bottles as per the condition of the contract.

The entire consignment will cost Tk 305.25 crore as the TCB will pay Tk 101.75 crore to each of the three companies.

The Cabinet body also approved three separate proposals to import a total of 90,000 tonnes of fertiliser from two countries in three lots under G2G deals.

Of these, BADC will import 30,000 tonnes of TSP fertiliser in a single lot from OCP, SA of Morocco while Bangladesh Chemical Industries Corporation (BCIC) will 90,000 tonnes of urea fertiliser Muntajat of Qatar and Kafco of Bangladesh in three separate lots.