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TCB looks to domestic market for procurement of essential commodities

Local bidders show lukewarm response to intT tenders

Star Business Report
In view of containing the prices of essentials during Ramadan, state-owned Trading Corporation of Bangladesh (TCB) plans to purchase essential commodities from the domestic market, as its international tenders failed to initiate any response.
TCB will procure these commodities from the domestic market to save time, as the Ramadan begins from the first week of next month..
TCB Chairman Ziaul Islam
said an important decision would be taken in this connection after August 15.
The bidders did not respond positively to the international tender as they can hardly make any profit by importing essential commodities, market operators said.
The corporation, however, has floated re-tender to import essential commodities like edible oil, lentil, onion and gram from the international markets, which is a timeconsuming process.
"We will not stop selling
essential commodities during Ramadan. We will purchase the goods from the local market if the imported goods do not arrive in time," Ziaul Islam said.
As alternative measures TCB will also sell essential commodities from its stock, although the TCB chief was unable to say anything specific about its stock position.
"But the process of importing the commodities from the international markets will not be stopped," said the TCB chief.
He said the TCB would sell the imported commodities at fair prices after Ramadan, if the commodities do not arrive by the end of Ramadan.
According to the TCB sources, the corporation is planning to import 5,000 tonnes of edible oil, 3,000 tonnes of Masur Dal (lentil), 500 tonnes of onion and 500 tonnes of gram.
The TCB has already published re-tenders in different newspapers, inviting bids from private sector importers.
The tender documents will
be opened soon to select importers, a senior official of theTCBsaid.
Apart from importing essentials, the TCB will also buy 300 tonnes of sugar from another state-owned enterprise Bangladesh Sugar and Food Industries Corporation (BSFIC) ahead of Ramadan, he said.
The corporation will buy more sugar, if necessary, from BSFIC, he added.
He said the TCB would sell the product, using trucks, in designated cities and towns.