TCB to import 3.30 cr litres of soybean oil from two foreign companies without tender
03 August 2022, 09:10 pm | Updated: 23 November 2024, 06:31 pm
Trading Corporation of Bangladesh (TCB) , the state marketing agency, will import 33 million (3.30 crore) litres of soybean oil from two companies, one from United Arab Emirates and another from Canada, through direct purchase method (DPM) without any tender process.
Cabinet Committee on Government Purchase (CCGP) in a meeting on Wednesday approved a proposal placed by the Commerce Ministry in this regard, reports UNB.
The committee also approved two separate proposals on fertiliser import which shows that the price of urea fertiliser has substantially decreased in the global market.
Finance Minister AHM Mustafa Kamal presided over the virtual meeting while members of the committee joined it.
According to the proposal, some 22 million (2.20 crore) litres of edible oil will be procured from Ferrani Polaska Spzoo Food Stuff Trading LLC, UAE (local agent: Shan Trading Ltd, Dhaka) while 11 million (1.10 crore) litres of oil from Canada INC, Canada (local agent: Haque Group, Dhaka).
The entire import will cost Tk 448.82 crore, with each litre costing $1.44 (equivalent to Tk 136) valuing each dollar Tk 94.45. The TCB will sell the edible oil in bottles, each having two litres of oil.
