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TCB to purchase essential commodities from business groups

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The Trading Corporation of Bangladesh (TCB), the state-run marketing agency, will procure 19.2 million litres of soyabean oil, 13,500 kgs of lentils and 15,000 kgs of sugar from different private business groups.

Cabinet Committee on Government Purchase (CCGP) at a meeting, with Finance Minister AHM Mustafa Kamal in chair, approved different proposals of the Commerce Ministry in this regard on Wednesday.

According to the decision, TCB will procure a total of 19.2 million litres of soyabean oil at a rate Tk201 per litre from Bashundhara Multifood, Sinha Edible Oil, Sonsing Edible Oil, Meghna Edible Oil, Super Oil Refinery and the City Edible Oil.

Secretary of the Cabinet Division Zillur Rahman said that the government will procure the essential items from these groups through negotiation by pursuing the direct purchase method (DPM).

He also informed that TCB will procure 15,000 tonnes of sugar at a total cost of Tk123 crore from the Meghna Sugar Refinery Ltd and the City Sugar Industries Ltd.

Each kg of sugar in a single packet will cost Tk84 while each kg of a 50 kg bag will cost Tk81.

TCB will procure some 13,500 tonnes of lentil at a cost of Tk159 crore from ACI Pure Flour Ltd; Sena Kalyan Sangstha; NS Construction; Bangladesh Edible Oil Ltd.; Nabil Naba Foods Ltd.; and Ease Services Ltd. Each kg of lentil will cost Tk117.5.

The additional secretary said that the government will distribute these products among the poor families through a program.

The Cabinet Committee also approved a number of proposals from Bangladesh Agriculture Development Corporation (BADC) to import 70,000 tonnes of DAP fertilizer and 30,000 tonnes TAP fertilizer from different countries.

A proposal of Bangladesh Chemical Industries Corporation (BCIC) received approval of the committee to import 30,000 tonnes of urea fertilizer from Fertiglobe Distribution Limited, UAE.

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