Welcome to Business Outlook
Related Articles
The Ministry of Commerce on Thursday reduced the price of palm oil by Tk12 per litre following the recommendation of the Bangladesh Trade and Tariff Commission (BTTC.)
The new price — Tk133 per litre — of palm oil will be effective from Sunday, said a ministry notice.
Meanwhile, prices of packed and loose sugar have also been cut by Tk6 and Tk8 per kg respectively.
Packed sugar prices have come down to Tk89 from Tk95.
Loose sugar will be sold at Tk84, which was previously worth Tk92.
Earlier, the BTTC recommended setting the price of palm oil at Tk133 per litre considering the price situation of the world market and import costs.
The commission believed that the price of soybean oil was currently reasonable.
On August 30, the Ministry of Commerce announced the decision to fix the prices of rice, atta, flour, soybean oil, palm oil, sugar, lentil, MS rod and cement.
Palm oil and sugar were being sold at higher rates than recommended by the BTTC.
According to the Trading Corporation of Bangladesh (TCB), palm oil was priced at Tk145-Tk150 per litre, sugar Tk90-Tk95 per kg and soybean oil Tk185-Tk192 per litre in retail markets on Tuesday.
(DT)
