TCB to import soybean oil, lentil for OMS program

The Trading Corporation of Bangladesh (TCB) will import a huge quantity of soybean oil and lentil for its open market sale (OMS) program while the Bangladesh Chemical Industries Corporation (BCIC) will import fertilizer from the international market to meet the local demand.

State-owned Petrobangla will import LNG from the international spot market.

Cabinet Committee on Government Purchase (CCGP) in a meeting, with Finance Minister AHM Mustafa Kamal in the chair on Wednesday, approved a number of proposals in this regard along with some other proposals of different entities under different ministries.

As per the proposals, placed by the Commerce Ministry, the TCB will import 11 million litres of refined soybean oil from Green Nation Builders & Developers, India (Local Agent: N S Construction, Dhaka) under International Direct Purchase Method (DPM) at a cost of Tk140.99 with per litre of soybean costing Tk169.

It will import 10,000 metric tons (MTs) of lentils from UMAEXPO Pvt Ltd, India (Local Agent: Speed ​​Marketing Corporation, Dhaka) at a cost of Tk96.68 crore while another 15,000 tons of lentil will be imported from B&C Incorporation and Sena Kalyan Sangstha at a cost of Tk150 crore with each kg 

As per proposals, placed by Ministry of Industries, the BCIC will import 30,000 tons of bulk granular urea fertilizer under state level agreement from Fertiglobe Distribution Limited, UAE at a cost of Tk127.40 crore while 30,000 tons of bulk granular urea will be imported from Muntajat, Qatar at Tk127.40 crore another 30,000 tons of bagged granular urea from Karnaphuli Fertilizer Company (Kafco) at a cost of Tk123.60 crore.

Petrobangla will import one cargo of liquified natural gas (LNG) containing 33.60 lakh MMBtu from Total Energies Gas & Power Ltd. Switzerland at a cost of Tk713.74 crore with each MMBtu costing at $16.34.

Source: UNB