The government on Tuesday approved separate proposals to procure one crore litres of refined soybean oil and 10,000 tons of lentils to help stabilise the market ahead of the holy month of Ramadan. It also approved the procurement of 75,000 tons of fertiliser alongside proposals in the roads sector and the purchase of one small research vessel and two speedboats to facilitate oceanographic research. He said lentils will be procured from KBC Agro Products Private Limited, a local Bangladeshi company, while soybean oil will be sourced from Super Refinery Limited and Shabnam Vegetable Oil Industries Ltd at an estimated cost is Tk 70.96 crore. To keep edible oil prices stable, the committee also approved the procurement of one crore litres of refined soybean oil at an estimated cost of Tk185.92 crore. Under the proposal, 5 million litres will be procured from Super Oil Refinery Limited at Tk185.95 per litre, while the remaining 5 million litres will come from Shabnam Vegetable Oil Industries Ltd at Tk185.90 per litre.

Source: Dhaka Tribune January 27, 2026 11:58 UTC