Edible oil prices are not rising at the moment

Soybean and palm oil prices are said to be on the rise. The committee formed on Thursday (January 8) to revise the existing pricing system of sugar and edible oil and to update the expenditure statement.

It is learned that a meeting of the committee has decided not to increase the price of edible oil for the time being. AHM Shafiquzzaman, Additional Secretary, Ministry of Commerce, Import and Internal Trade, presided over the meeting.

After the meeting, Shafiquzzaman said the committee members would visit a large oil refinery next Tuesday. During that time, they will review soybean and palm oil import prices, packaging and other costs. The decision to increase the price of edible oil will be taken only after that review.


Source: Bhorer Kagoj by www.bhorerkagoj.com.

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