Dhaka: The Advisers Council Committee on Government Purchase has given the green light to two significant proposals aimed at purchasing 1.50 crore litres of edible oil. This move is intended to bolster the domestic supply chain and maintain market stability.
According to Bangladesh Sangbad Sangstha, the decision was made during the 48th meeting of the Advisers Council Committee on Government Purchase, held virtually under the leadership of Finance Adviser Dr. Salehuddin Ahmed. The Ministry of Commerce is set to procure 50 lakh litres of soybean oil from Sonargaon Seeds Crushing Mills Ltd. The transaction is valued at TK 89.92 crore, with each litre priced at TK 179.85.
In addition, the Committee has sanctioned the acquisition of 1 crore litres of refined rice bran oil through a local competitive bidding process. This includes 30 lakh litres from Tamim Agro Industries Ltd. and 70 lakh litres from Majumder Bran Oil Mills Ltd. The collective contract amounts to TK 161 crore, with the price per litre set at TK 161.
Officials have stated that this initiative is a strategic response to ensure a stable supply of edible oil in anticipation of heightened seasonal demand.