1cr lit of soybean oil, 10,000 MTs lentil, Govt to buy
Business Report :
The government on Tuesday approved separate proposals to procure 1 crore litres of soybean oil and 10,000 metric tons of lentil to stabilize the market ahead of the Holy Month of Ramadan.
The government would also procure 75,000 metric tons of fertilizer alongside approving a proposal in the roads sector as well as procuring one small research vessel and two speed boats to facilitate oceanographic research in the country.
The approvals came from the 4th meeting of the Advisers Council Committee on Government Purchase in this year held today with Finance Adviser Dr Salehuddin Ahmed in the chair at the Cabinet Division Conference Room at Bangladesh Secretariat.
Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan briefed reporters after the meeting.
He said considering the upcoming Holy Month of Ramadan, the committee approved the procurement of 10,000 metric tons of lentils and one crore litres of refined soybean oil.
Lentil will be procured from KBC Agro Products Private Ltd, a local Bangladeshi company, while soybean oil will be procured from Super Refinery Limited and Shabnam Vegetable Oil Industries Ltd.
The proposal, placed by the Ministry of Commerce, involves procurement of lentil through national open tender method in 10 separate lots. The total estimated cost stands at Taka 70.96 crore with a unit price of Taka 70.96 per kilogram.
The committee recommended KBC Agro Products Private Limited as the supplier. Officials said the procurement would strengthen government buffer stocks and help stabilize lentil prices in the domestic market.