FMCG firm has reduced the MRP of Fortune refined Sunflower oil’s 1-litre pack from Rs 220 to Rs 210 and MRP of Fortune Soyabean and Fortune Kachi Ghani (mustard oil) 1-litre pack from Rs 205 to Rs 195.
The Trading Corporation of Bangladesh (TCB) has deferred the sales of daily essentials to 1 crore poor families at subsidised rates from 16 June as the edible oil mills did not supply the required soybean oil to the government, according to officials. For the subsidised sales, the state-owned TCB in May asked the mills to supply 2.50 crore litres of soybean at Tk192 per litre
As edible oil prices skyrocket and disappear from the store shelves The Business Standard spoke with Ghulam Rahman, president of consumers rights body Consumers Association Bangladesh(CAB), to understand the issue at hand and potential ways out of the crisis
"Bangladesh has a huge potential for rice bran oil," said Afzal Hossain, managing director of Emerald Oil, the first rice bran oil producer in Bangladesh which marketed its product under the brand name "Spondon". "It is possible to increase the production of oil fast if the crises of raw materials and gas can be overcome with a proper plan." Mentioning that many companies,