Even though prices of loose palm and soybean oil have dropped in wholesale markets, consumers are not being able to reap the benefits as retailers are still selling those at the government-fixed prices.
There is a huge hue and cry about the recent unprecedented price hike of soybean oil.
Police in a raid seized 92,616 litres of edible oil illegally stored at four warehouses and a truck at Baneshwar Bazar of Rajshahi's Puthia upazila today (May 10, 2022).
The Bangladesh Vegetable Oil Refiners & Vanaspati Manufacturers Association today said it will take action against the dealers if their involvement is found in creating an edible oil crisis.
The Trading Corporation of Bangladesh (TCB) will resume selling edible oil at Tk 110 a litre to one crore TCB cardholder families in June, Senior Commerce Secretary Tapan Kanti Ghosh said today.
India has issued about 70 licences for importing about five lakh tonnes of refined palm oil from three countries -- Bangladesh, Nepal and Indonesia, sources say.
Malaysia is looking to diversify into food crops, in the face of fluctuating commodity prices and Western countries' hostility towards palm oil.
Communities in Liberia are being pressured to sign away their land to make way for palm oil plantations, according to a campaign group.
Even though prices of loose palm and soybean oil have dropped in wholesale markets, consumers are not being able to reap the benefits as retailers are still selling those at the government-fixed prices.
There is a huge hue and cry about the recent unprecedented price hike of soybean oil.
Police in a raid seized 92,616 litres of edible oil illegally stored at four warehouses and a truck at Baneshwar Bazar of Rajshahi's Puthia upazila today (May 10, 2022).
The Bangladesh Vegetable Oil Refiners & Vanaspati Manufacturers Association today said it will take action against the dealers if their involvement is found in creating an edible oil crisis.
The Trading Corporation of Bangladesh (TCB) will resume selling edible oil at Tk 110 a litre to one crore TCB cardholder families in June, Senior Commerce Secretary Tapan Kanti Ghosh said today.
India has issued about 70 licences for importing about five lakh tonnes of refined palm oil from three countries -- Bangladesh, Nepal and Indonesia, sources say.
Malaysia is looking to diversify into food crops, in the face of fluctuating commodity prices and Western countries' hostility towards palm oil.
Communities in Liberia are being pressured to sign away their land to make way for palm oil plantations, according to a campaign group.