The Trading Corporation of Bangladesh is going to buy 80 lakh litres of soybean oil in 2023-24 fiscal year.

The cabinet committee on public purchase approved a proposal to this end in a meeting today, according to the meeting sources.

The state-run agency will purchase the edible oil at Tk 127.96 crore from the local market through open tender system.

Besides, the cabinet also approved a proposal allowing China Road and Bridge Corporation, a Chinese government-nominated developer, for the construction of external infrastructure and utility services at the Chinese Economic and Industrial Zone in Anwara upazila of Chattogram.