Trading Corporation of Bangladesh (TCB), the state-run marketing agency, will further procure a total of 20.9 million litres of soybean oil from local and international suppliers without any tender process.
The TCB will also procure 8,000 metric tons of lentil through open tender.
Cabinet Committee on Government Purchase (CCGP) in a virtual meeting on Thursday approved a number of proposals in this regard.
Finance Minister AHM Mustafa Kamal presided over the meeting while members of the cabinet body attended it virtually.
The entire products will be procured for its ongoing open market sales (OMS) program which has been introduced to control prices of essential commodities across the country.
For long the TCB has been procuring some essential items from local and international suppliers to sell those in the local market under the OMS program.
As per the proposals, some 4.4 million litres of soybean oil will be procured through direct purchase method (DPM) from Sena Edible Oil Industries., Dhaka, at a cost of Tk81.18 crore with each litre costing at Tk184.5.
The TCB will procure 11 million litres of soybean oil from Zad Al Rahil International LLC Sultanate of Oman (Local Agent: Sky Trading) through DPM at a cost of Tk151.73 crore with litre coasting at 152.86.
It will procure another 5.5 million litre of soybean oil from Shun Shing Edible Oil Ltd, Dhaka through DPM at a cost of Tk101.47 crore. Each litre will cost at Tk185.5.
The TCB will procure 8,000 metric tons of lentil from Arabel Bakliyat Hububat Santic AS (Local Agent: BINQ, Dhaka, at a cost of Tk81.57 crore. Each kg will cost at Tk101.97.