Soyabean oil price rises by Tk 7 a litre
Published : Tuesday, 19 October, 2021 at 4:53 PM Count : 292
Bottled soyabean oil price has again been increased by Tk 7 per litre.
The price of bottled soyabean oil was Tk 153 after raising the price for several times by the edible oil importers and refiners.
The bottled soyabean oil will now be sold at Tk 160 per litre from now on.
The price of a 5-litre bottled soyabean oil has been fixed at Tk 760, which was Tk 728 earlier.
Besides, the non-bottled soybean oil will be sold at Tk 136 per litre and palm super oil at Tk 118 from now on.
Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association on Tuesday announced the price hike of soyabean oil on the plea of rising prices in the international market.
In a press release, the association said the new prices will be effective as soon as possible. However, the new rates will not be effective for the old stock of soyabean oil kept at distributor and retailer levels.
The new price has been fixed after discussing with Ministry of Commerce and Bangladesh Trade and Tariff Commission as the prices of crude soyabean and crude palm oil increased in the global market, the association said.
On Sunday, the Ministry of Commerce gave its consent to raise the prices of soyabean and palm oils following a proposal submitted by the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association.
Earlier in September, the Commerce Ministry and the Bangladesh Trade and Tariff Commission raised soyabean oil prices by Tk 4 per litre after analysing international prices.