Importers seek wider access to loans as currency slides
The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters
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The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters
Edible oil refiners have cut soybean oil prices up to Tk 6 a litre though the consumers rights organisation said the rates should have been reduced by at least Tk 30 amid falling prices of the item in the global market.
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.
Soybean oil: Many stores still face supply crunch in Bangladesh Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
After the new prices came into effect, edible oil companies started supplying bottled, loose soybean and palm oil through distributors from Saturday.