It wants the exemption deadline, set to expire on March 31, to be extended until June 30
"There is no shortage of daily essentials now. But the supply of soybean oil is slightly less, which cannot be denied, but I hope the situation will improve from today,” the adviser told reporters after visiting Mohammadpur Town Hall kitchen market in the afternoon.
The tax administration issued a notification in this regard yesterday, which was made public today
The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association has reassured consumers and traders that there is no supply shortage of bottled edible oil in the local market.
Tariff commission recommended reducing VAT on imports of oil to 10 percent
The government yesterday decided to buy edible oil and lentils worth Tk 350 crore from five local firms in order to sell them among the poor and low-income people at subsidised rates.
The lower import duty structure on crude palm oil, crude sunflower oil and crude soyoil was set to expire in March 2024
Agribusiness in Bangladesh, including food processing and associated machinery production, has the highest potential among eight emerging sectors, with domestic market sales estimated to reach $8 billion by 2025, according to Bangladesh Investment Development Authority (Bida).
Loose soyabean oil price up Tk 9 per litre, 5-litre bottle up Tk 54
It wants the exemption deadline, set to expire on March 31, to be extended until June 30
"There is no shortage of daily essentials now. But the supply of soybean oil is slightly less, which cannot be denied, but I hope the situation will improve from today,” the adviser told reporters after visiting Mohammadpur Town Hall kitchen market in the afternoon.
The tax administration issued a notification in this regard yesterday, which was made public today
The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association has reassured consumers and traders that there is no supply shortage of bottled edible oil in the local market.
Tariff commission recommended reducing VAT on imports of oil to 10 percent
The government yesterday decided to buy edible oil and lentils worth Tk 350 crore from five local firms in order to sell them among the poor and low-income people at subsidised rates.
The lower import duty structure on crude palm oil, crude sunflower oil and crude soyoil was set to expire in March 2024
Agribusiness in Bangladesh, including food processing and associated machinery production, has the highest potential among eight emerging sectors, with domestic market sales estimated to reach $8 billion by 2025, according to Bangladesh Investment Development Authority (Bida).
Loose soyabean oil price up Tk 9 per litre, 5-litre bottle up Tk 54
Farmers across two coastal districts of Bangladesh, namely Patuakhali and Barguna, as well as Tangail are increasingly growing oilseed crops in a bid to profit from the ever-higher prices of edible oil.
