Govt to buy 1.10cr liters of soybean oil from US

The Cabinet Committee on Government Purchase (CCGP) has approved 11 proposals including some 1.10 crore liters of soybean oil from the USA.

The approvals came from the cabinet meeting held on Wednesday (May 24) virtually with Finance Minister AHM Mustafa Kamal in the chair.

Briefing reporters after the meeting virtually, Cabinet Division additional secretary Sayeed Mahbub Khan informed that it was 18th meeting of the Cabinet Committee on Government Purchase.

He said following a proposal from the Ministry of Commerce, the state-run Trading Corporation of Bangladesh (TCB) would procure some 1.10 crore liters of soybean oil under international tender method from Accentuate Technology Inc USA (Local Agent: OMC Ltd Dhaka) with around Taka 129.58 crore where per liter soybean oil would cost Taka 140.16.