Processors warn of further rise in edible oil price
Edible oil is likely to become costlier in the days ahead because of the upward price trend of soybean and palm oil worldwide as Bangladesh meets 90 per cent of its demand through imports, said processors yesterday.
The prices of the key cooking ingredient have been soaring for the last several months, putting pressure on the consumers already suffering from a loss of income amid the ongoing coronavirus pandemic.
Yesterday, retailers were selling unpackaged palm oil at Tk 102-105 a litre in the markets in Dhaka city, up 43 per cent year-on-year. Soybean oil in unpackaged form was up 36 per cent at Tk 115-120.
Public food stocks near 3-year low thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
Rice market to become normal in a month: Tipu
460
RANGPUR, Feb 21, 2021 (BSS) – Commerce Minister Tipu Munshi today said rice market would become normal within a month.
“The present problem of rice would not exist long . Boro rice will appear in early April. We have taken initiative to import one million tons of food. About three and a half lakh tones of food have already arrived in the country,” he said.
The minister said this while talking to reporters after inaugurating a mural of Father of the Nation Bangabandhu Sheikh Mujibur Rahman at the Rangpur Zilla Parishad premises this afternoon.
Regarding the increase in oil prices, the minister said, “If the price of oil does not come down in the international market, its price in Bangladesh will not come down.”
Rice, edible oil prices continue to soar | Business News 24 BD businessnews24bd.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessnews24bd.com Daily Mail and Mail on Sunday newspapers.
Commodity import for Ramadan to be double this year: Tipu Munshi
Commerce Minister Tipu Munshi. File photo. Staff Correspondent, Ctg Staff Correspondent, Ctg
Commerce Minister Tipu Munshi yesterday said the government was trying to import essential commodities like edible oil, chick peas, date and onion through the Trading Corporation of Bangladesh in large quantities ahead of the holy month of Ramadan aiming at keeping prices stable.
The imports will be double in quantity compared to that of previous years, he informed. We have also talked with the business people who assured that the prices would be kept at a reasonable level in Ramadan, he said.