প্রকাশ: 05/11/2022
Soybean oil price may go up as Bangladesh Tariff Commission (BTC) is
considering proposal for hiking edible oil price due to higher production
costs.
Bangladesh
Vegetable Oil Refiners and Banaspati Manufacturers Association (BVORBMA), the
association of owners of edible oil refining and marketing companies, has
submitted a proposal to raise soybean oil price by Tk15 per litre.
The oil
refiners argued that traders will count losses due to higher production costs and
price hikes in the global market if soybean oil price is not adjusted.
The
refiners submitted a letter last Tuesday to Commerce Secretary Tapan Kanti
Ghosh, urging the government to readjust the prices by Sunday (tomorrow). The
refiners made the proposal a month after lowering soybean oil price by Tk14 a
litre.
Chief
Executive of BVORBMA, Nurul Islam Molla, told UNB, the situation was described
to the commerce secretary.
After a
meeting with Salman F Rahman, the prime minister's adviser for private industry
and investment on October 3, the association lowered the prices by Tk 14 a
litre. The price of a litre of unbottled soybean oil was set at Tk158, a litre
bottle at Tk178, and a 5-litre bottle at Tk880.
- UNB
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