Bangladeshi Government Promise Sustainable Edible oil Price. Consumers have been paying increased prices to buy edible oil, the essential commodity for preparing foods, over the last couple of days even though the commerce ministry yesterday said prices would not increase in the next two weeks.
Prices of a five-litre bottle of soybean oil were Tk 710 to Tk 750 yesterday from Tk 700 to Tk 750 a week ago, according to market prices data of the Trading Corporation of Bangladesh under the commerce ministry. Bangladeshi Government Promise Sustainable
However, prices of one-litre bottles of soybean oil did not rise, according to the TCB.
Two retailers at the city’s Mohammadpur area said they were selling a bottle of edible oil at Tk 160 per litre as they were yet to get delivery of new batches of cooking oil from edible oil refiners and their agents.
The commerce ministry held the meetings after the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers’ Association on January 2 this year shared its decision of increasing prices of soybean and palm oil, mostly imported from abroad for insignificant domestic production.
Processors, who hiked prices in October this year, wanted to increase prices of each bottle of soybean oil by 5 per cent or Tk 8 per litre to Tk 168 on grounds of rising prices in the international market.
Biswajit Saha, director for corporate and regulatory affairs of City Group, one of the largest importers and processors, said they would decide on February 5. You can contact edible oil wholesale supplier at Horusoil.com