Govt to procure 2.20cr liters of palm oil

The ministry of commerce has taken an initiative for procuring 2.20cr liters of palm oil to meet the growing demand of the country.

This edible oil will be procured locally through open tender (national) method. The total cost will be 356 crore 81 lakh 80 thousand taka. The price of per liter is 162.19 taka.

Trading Corporation of Bangladesh (TCB) has an annual procurement plan for the fiscal year 2024-25  to purchase 28 crore liters of edible oil. Of this, 15.41 crore liters of purchase contracts have been completed. 

The ministry of commerce has now taken the initiative to purchase another 2.20 n liters of refined palm oil as part of the total demand.

The approval may come from the next meeting of the Advisers Council Committee on Government Purchase.