TCB to purchase 11 mn litres of Soybean oil: 10m families can buy at a reduced price

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Published on October 24, 2022
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The commerce ministry has asked the Trading Corporation of Bangladesh (TCB) to purchase 11 million litres of soybean oil from local sources.

Earlier, on Wednesday, the Cabinet Committee on Government Purchase approved the procurement of 16.5 million litres of soybean oil from local private firms and 8,000 tonnes of lentils from a Turkish supplier for the TCB sales drive. Finance Minister AHM Mustafa Kamal chaired the meeting.

The ministry has asked the state agency to purchase the oil on an urgent basis.

As per the approval, the TCB will procure 11 million litres of soybean oil from local Meghna Edible Oil Refinery Limited at a cost of Tk 1.89 billion.

The state-run entity has been selling essential items including soybean oil to 10 million families every month.

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TCB, Price Hike,