Cabinet body approves procurement of 16 million litres of soybean oil


FE Team | Published: February 22, 2023 17:33:20 | Updated: February 22, 2023 18:36:51


Cabinet body approves procurement of 16 million litres of soybean oil

The Cabinet Committee on Government Purchase (CCGP) has approved separate proposals for procuring some 16.0 million litres of soybean oil and 60,000 metric tonnes of fertiliser to meet the growing demand in the country.

The approval came from the 7th meeting of the CCGP of this year held virtually with Finance Minister AHM Mustafa Kamal in the chair on Wednesday, according to BSS.

Briefing reporters virtually after the meeting, Cabinet Division Additional Secretary Sayeed Mahbub Khan informed that the day's meeting approved a total of seven proposals.

As per two separate proposals from the Ministry of Commerce, the state-run Trading Corporation of Bangladesh (TCB) would procure some 11.0 million litres of soybean oil from Meghna Edible Oil Refinery Ltd under local open tender method at a cost of around Tk 1.92 billion where per litre soybean oil would cost Tk 172.95 against the previous price of Tk 177.

Besides, the TCB would also procure some 5 million litres of soybean oil from UN Trading, Dhaka under local direct tender method with around Tk 864.0 million where per litre oil would cost Tk 172.8 against the previous price of Tk 178.45.

Mahbub said that following two separate proposals from the Ministry of Industries, Bangladesh Chemical Industries Corporation (BCIC) would procure some 30,000 metric tonnes of bagged granular urea fertiliser from KAFCO, Bangladesh with around Tk 1.10 billion where per tonne fertiliser would cost $345.125 against the previous price of $500.125.

Besides, the BCIC would also procure some 30,000 metric tonnes of bulk granular urea fertiliser from SABIC Agri-nutrients Company, Saudi Arabia at a cost of around Tk 1.16 billion. Under this consignment, per tonne fertiliser would cost $361.83 against the previous per ton price of $470.

The Cabinet Division additional secretary said that the package number PW-03 under the project for Cox's Bazar-Teknaf Road Development (2nd revised) has been awarded to Max Infrastructure Ltd with around Tk 1.69 billion.

Besides, the meeting also approved a variation proposal of the Road Transport and Highways Division.

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