Commerce Ministry to procure 1.10cr litres soybean oil 

The Ministry of Commerce will procure 1.10 crore litres of soybean oil and 10,000 metric tons (MTs) of lentil through local Open Tender Method (OTM) in a bid to keep the market stable.

In addition, a proposal to appoint a consulting firm for a project of the Implementation, Monitoring and Evaluation Division has been approved. The total cost of these three proposals will be 326 crore 39 lakh 26 thousand 818 taka.

The approvals came from this year's 1st meeting of Advisers Council Committee on Government Purchase (ACCGP) held at the Cabinet Division conference room at Bangladesh Secretariat with Adviser to the interim government on the Ministry of Finance Dr Salehuddin Ahmed in the chair on Thursday.

Following a proposal from the Ministry of Commerce, the state-run Trading Corporation of Bangladesh (TCB) will procure 1.10 crore litres of soybean oil under local Open Tender Method (OTM) for the current fiscal year from Super Oil Refinery Limited with around Taka 189.14 crore with per litre oil costing Taka 171.95.

In response to another proposal from the Ministry of Commerce, the TCB would procure some 10,000 MTs of lentil from Shabnam Vegetable Oil Industries Limited under OTM with around Taka 94.95 crore where per kilogram (Kg) lentil would cost Taka 94.95.