The government of Bangladesh has approved the purchase of 27.15 million liters of refined soybean oil from the international market at a cost of Tk 357.62 crore, with each liter priced at Tk 131.49. The decision was made on Wednesday at a meeting of the Cabinet Committee on Government Purchase, chaired by Economic Adviser Dr. Salehuddin Ahmed. The procurement will be conducted under the Direct Purchase Method (DPM) to ensure adequate supply and market stability ahead of the holy month of Ramadan.

According to meeting sources, the Ministry of Commerce proposed the urgent import to meet increased demand during Ramadan. After evaluation by the tender committee, the purchase was finalized from Canada-based NSRIC Green Supplies Inc. Officials stated that the oil will be sold in the open market at a price lower than the government-fixed rate but not below the purchase cost, meaning no subsidy will be required. Consumers will access the product through the Trading Corporation of Bangladesh (TCB).

The meeting also approved the import of 30,000 metric tons of bagged granular urea fertilizer from Karnaphuli Fertilizer Company Limited (KAFCO) for the 2025–26 fiscal year at a cost of Tk 149.17 crore.