The government will buy 11 million litres of soyabean oil from the US-based Accentuate Technology Inc for the Trading Corporation of Bangladesh (TCB).
According to additional secretary of the cabinet division Sayeed Mahbub Khan, the price of per liters of soya bean will be supplied by the US firm at a price of $1.27, equivalent to Tk 140.16 .
Besides, 7.0 million litres of soyabean oil will be bought from local company City Edible Oil, where per litre will cost Tk 182.65.
The two proposals were approved by the government procurement committee on May 24. One is to purchase of 12,500 tonnes of sugar to be supplied by a local company at a cost of Tk 140 per kilogram.
The another proposal is to buy 70 lakh litres of soya bean oil to be supplied by City Edible Oil Limited at a price of Tk 182.65 per litre under a competitive bidding.