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Govt to buy 1.25 crore litres of soybean oil soon

Published : 17 Aug 2022 09:39 PM

The Cabinet Committee on Government Purchase (CCGP) has approved separate proposals to purchase 1.25 crore litres of soybean oil to meet its growing demand in the country. 

The approvals were given at the CCGP meeting held on Wednesday virtually with Finance Minister AHM Mustafa Kamal in the chair

Briefing reporters after the meeting virtually, Cabinet Division Additional Secretary Md Abdul Barik said that a purchase proposal of the Ministry of Commerce for buying 40 lakh litres of soybean oil directly has been approved by the CCGP. 

Oil will be purchased from Super Oil Refinery Limited at the cost of Tk 173.95 per litre.

Another proposal of the Ministry of Commerce to buy 85 lakh litres of soybean oil at the cost of Tk 171 per litre has been approved. 

The government will buy 20 lakh litres of soybean oil from Edible Oil Refinery Limited, 35 lakh litres from Bashundhara Multifood Products Limited and 30 lakh litres from Sino Edible Oil Limited.

Mr Barik said that 16 proposals were presented in the CCGP meeting and all 16 proposals had been approved by the Government Purchase Committee. 

Among the recommendations of the Public Procurement Committee were -- seven from the Ministry of Shipping, four from the Ministry of Industries, one from the Department of Road Transport and Highways and one from the Department of Local Government and three from the Ministry of Commerce.

He said, “The total amount of 16 proposals approved by the purchase committee was Tk 1,895 crore. Out of the total financing, Tk 563.47 crore will be spent from government funds and 1,060.26 crore will be available from domestic banks, ADB and World Bank loans.

Mr Barik also said that 5,000 metric tonnes of lentils will be purchased through the direct purchase method. 

“It will cost Tk 111 per kg. Among these, 1000 metric tonne will be purchased from Nabil Naogaon Food Limited, 3000 metric tonnes from ACI Pure Flower Limited and 1000 metric tonnes from MS Roy Traders Limited,” he added.