TCB to import soybean oil, lentil for OMS programme

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

State-owned Petrobangla will import LNG from 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 1.10 crore liters 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 Tk 140.99 with per litre of soybean costing Tk 169.

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 Tk 96.68 crore while another 15,000 MTs of lentil will be imported from B&C Incorporation and Sena Kalyan Sangstha at a cost of Tk 150 crore with each kg costing at Tk 100.

As per proposals, placed by Ministry of Industries, the BCIC will import 30,000 MTs of bulk granular urea fertiliser under state level agreement from Fertiglobe Distribution Limited, UAE at a cost of Tk 127.40 crore while 30,000 MTs of bulk granular urea will be imported from Muntajat, Qatar at Tk 127.40 crore another 30,000 MTs of bagged granular urea from Karnaphuli Fertiliser Company (Kafco) at a cost of Tk 123.60 crore.

The Petrobangla will import one cargo of liquified natural gas (LNG) containing 33.60 lakh MMBtu from TotalEnergies Gas & Power Ltd. Switzerland at a cost of Tk 713.74 crore with each MMBtu costing at $16.34, reports UNB.