BSS-44 Govt to procure 25,000MT sugar, 30,000MT soybean oil ahead of Ramadan

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ZCZC

BSS-44

GOVT-PROCUREMENT

Govt to procure 25,000MT sugar, 30,000MT soybean oil ahead of Ramadan

DHAKA, Feb 19, 2020 (BSS) – The government has taken a decision to locally
procure some 25,000 tonnes of sugar and some 30,000 tonnes of soybean oil to
keep the price of these essentials stable during the month of Ramadan.

The decision to procure sugar and soybean oil from local market by the
Trading Corporation of Bangladesh (TCB) was taken at a meeting of the Cabinet
Committee on Government Purchase held today at the cabinet division
conference room at Bangladesh Secretariat. Finance Minister AHM Mustafa Kamal
chaired the meeting.

Briefing the reporters after the meeting, the Finance Minister said 25,000
tonnes of refined sugar would be procured from City Sugar Industries Limited
with a cost of Taka 61.25 for per kg sugar.

On the other hand, he said the government would procure some 30,000 tonnes
of refined soybean oil from Super Oil Refinery Limited and Bashundhara
Soybean Oil with Taka 91.95 per liter for a two-liter jar and with Taka 90.95
per liter for a five-liter jar.

The Finance Minister said since the Holy Month of Ramadan is nearing us,
the government would have to take some precautions so that there is no
distortion between the demand and supply of the price of essentials side by
side the supply chain remains good.

“In this regard, the TCB plays the main role and thus we consider their
issues with a liberal view considering the interest of the country and its
people.” he added.

BSS/ASG/GM/RY/1920 hrs