Trading Corporation of Bangladesh (TCB) will further procure a total of 20.9 million litres of soybean oil from local and international suppliers without any tender process.
The state-run marketing agency will also procure 8,000 tonnes 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, reports UNB.
The products will be procured for its ongoing open market sales (OMS) programme 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 programme.
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 Tk 811.8 million with each litre costing at Tk 184.5.
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 Tk 1.52 billion at 152.86 per litre.
It will procure another 5.5 million litre of soybean oil from Shun Shing Edible Oil Ltd., Dhaka through DPM at a cost of Tk 1.01 billion. Each litre will cost at Tk 185.5.
The TCB will procure 8,000 tonnes of lentil from Arabel Bakliyat Hububat Santic A.S (Local Agent: BINQ, Dhaka, at a cost of Tk 815.7 million. Each kg will cost at Tk 101.97.