United News of Bangladesh

The government has fixed the price of palm oil at Tk 150 per litre reducing it by Tk 19 and kept the price of soybean oil unchanged.The decision was taken in response to falling prices in the international market, said Commerce Secretary Mahbubur Rahman at a press briefing held at the Secretariat on Tuesday.The Bangladesh Trade and Tariff Commission monitors global and local supply and demand for edible oils. Worshop urges ending obstacles to availability of vitamin-enriched safe edible oilBased on a recent decline in international palm oil prices the commission recommended reducing the price, which the government accepted.However, the price of bottled soybean oil remains unchanged at Tk 189 per liter.Mahbubur Rahman said that palm oil accounts for 60% of the edible oil market in Bangladesh.On April 15, the government set prices for both soybean and palm oil at Tk 189 and Tk 169 respectively.

The Commerce Ministry has set the price of packet sugar at Tk 89 per kg, loose sugar at Tk 84, and palm oil at Tk 133 per liter. The ministry today issued a notification in this regard as per the recommendation of Bangladesh Trade and Tariff Commission (BTTC). According to the recommendations of BTTC, a concern of the ministry, per liter of palm super (open) oil will be sold at Tk 128 in millgate, distributors will sell it at Tk 130, and at the retail or consumer level, it will be sold at Tk 133. Each kg of loose sugar can be bought at the millgate at Tk 79, at the distributor level at Tk 81, and at the retail level at Tk 84. And the distributors will buy packaged sugar at Tk 82 at millgate and sell it at Tk 84 at the consumers’ level. Also read: TCB to procure 1.65 cr litres of edible oil from local suppliers again Until today, the price of palm super oil (loose) was selling at Tk 145 per liter and unpacked sugar at Tk 90 per kg at the retail level. Also read: Edible oil prices likely to drop soon: Commerce Minister Accordingly, the price of palm oil decreased by Tk 12 per liter and the price of sugar decreased by Tk 6 per kg.