Finance
Soyabean Oil Government to buy 1.25 crore liters of soybean oil from the local market
Dhaka, August 17: The meeting of the Cabinet Committee on Public Procurement approved the proposal to purchase 1.25 crore liters of soybean oil in two separate lots. Two separate proposals of the Ministry of Commerce have been approved. On Wednesday (August 17) at noon, the meeting of the Cabinet Committee on Government Procurement was held virtually under the chairmanship of Finance Minister AHM Mustafa Kamal. After the meeting, Additional Secretary of the Cabinet Division Md. Abdul Barik gave details to the journalists.
The Additional Secretary said that a proposal of the Ministry of Commerce has approved the purchase proposal of buying 40 lakh liters of soybean oil from the local market. Oil will be purchased from Super Oil Refinery Limited. Soybean oil will be bought at Tk 173.95 per liter.
He also said that in a separate proposal of the Ministry of Commerce, the proposal to buy 85 lakh liters of soybean oil has been approved. Soybean oil will be bought at Tk 171 per liter in this lot. The government will buy 20 lakh liters of soybean oil from Edible Oil Refinery Limited, 35 lakh liters from Bashundhara Multifood Products Limited and 30 lakh liters from Sino Edible Oil Limited.
Abdul Barik said that 16 proposals have been presented in the cabinet committee meeting regarding government procurement. All 16 proposals have 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 that the total amount of 13 proposals approved by the purchase committee is Tk 1,895 crores. Out of the total financing, Tk 563.47 crore will be spent from government funds and Tk 1,060.26 crores will be available from domestic banks, ADB and World Bank loans.
The additional secretary of the cabinet department also said that 5 thousand metric tons of lentils will be purchased through the direct purchase method. It will cost Tk 111 per kg. Among these, 1000 metric ton will be purchased from Nabil Naogaon Food Limited, 3000 metric ton from ACI Pure Flower Limited and 1000 metric ton from MS Roy Traders Limited.
