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
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.
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.
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.
Retailers agree to reduce the price of cooking oil by Tk 5 per litre.
