Edible oil
Govt likely to reduce VAT on edible oil
Tariff commission recommended reducing VAT on imports of oil to 10 percent
Govt to buy edible oil, lentil worth Tk 350cr
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.
India to allow edible oil imports at lower duty until March 2025
The lower import duty structure on crude palm oil, crude sunflower oil and crude soyoil was set to expire in March 2024
Agribusiness bears highest potential among emerging sectors
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).
Price of 1-litre bottle of soyabean oil raised by Tk 12
Loose soyabean oil price up Tk 9 per litre, 5-litre bottle up Tk 54
Oilseed cultivation spreading quickly
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.
NBR likely to keep 5pc VAT on edible oil imports until Sept 30
The National Board of Revenue (NBR) is likely to provide a scope to edible oil refiners to import the essential cooking ingredient by paying only 5 per cent Value Added Tax (VAT) until September 30, an official said today.
Edible oil: Prices drop in global markets, not at home
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.
Increased mustard oil production: A solution to edible oil crisis
There is a huge hue and cry about the recent unprecedented price hike of soybean oil.
Eight edible oil importers sued for market manipulation
Bangladesh Competition Commission yesterday filed cases against eight importer companies for manipulating the production and supply of edible oil in the country.
100,400 litres of edible oil seized in Pabna
A mobile court in Pabna yesterday (May 11, 2022) seized 104,000 litres of soyabean oil from different grocery shops in the district.
Soybean oil crisis: Govt cracks down on hoarders
An annoyed Shovon Das was walking home with a five-litre bottle of soybean oil from Shaheb Bazar in Rajshahi city yesterday afternoon. He had paid Tk 985 for it even though the government set the price at Tk 760.
Over 92,000 litres of edible oil seized in Rajshahi
Police in a raid seized 92,616 litres of edible oil illegally stored at four warehouses and a truck at Baneshwar Bazar of Rajshahi's Puthia upazila today (May 10, 2022).
Refiners to find out if any dealer is involved in oil crisis
The Bangladesh Vegetable Oil Refiners & Vanaspati Manufacturers Association today said it will take action against the dealers if their involvement is found in creating an edible oil crisis.
Soybean oil at Tk 110 a litre for TCB cardholders
The Trading Corporation of Bangladesh (TCB) will resume selling soybean oil at Tk 110 a litre to one crore TCB cardholder families from next month, Senior Commerce Secretary Tapan Kanti Ghosh said yesterday.
'TCB cardholders to get oil at Tk 110 per litre from June'
The Trading Corporation of Bangladesh (TCB) will resume selling edible oil at Tk 110 a litre to one crore TCB cardholder families in June, Senior Commerce Secretary Tapan Kanti Ghosh said today.
Record hike in soybean oil prices
Edible oil prices see the biggest increase in Bangladesh’s history as the government moves to put an end to the unprecedented crunch of the essential cooking item.
Edible oil crunch: Taking shine off Eid for many
A banker in Naogaon did not find soybean oil in the local market. A woman in Natore was lucky to score a one-litre bottle for an unusually higher price. A private firm employee in Chattogram decided to make do with mustard oil after failing to find soybean oil in her neighborhood.
Retail edible oil price to reduce by Tk 5 per litre
Retailers agree to reduce the price of cooking oil by Tk 5 per litre.