Purchase of 2.20cr liters of palm oil approved

The ministry of commerce will procure 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 crore liters of refined palm oil as part of the total demand. 

The approval came from the meeting of the Advisers Council Committee on Government Purchase on Tuesday.

Finance Adviser Dr. Salehuddin Ahmed virtually presided over the meeting.