Govt to procure edible oil, lentil worth Tk 246cr for TCB

The government has decided to procure edible oil and red lentil for the Trading Corporation of Bangladesh (TCB) at a cost of Tk 246.05 crore. The procurement includes Tk 142 crore for 90 lakh litres of edible oil and Tk 104 crore for 12,500 metric tonnes of red lentil. The proposal was

S. Alam Group imported edible oil worth Tk 2,200cr this

Alam Group has imported around 204,000 metric tonnes of edible oil till August this year to stabilize the market and meet consumer demand. Now, S. Alam Group’s total investment stands at USD 200 million, or tk 2,200 crore. Among imported edible oils, the total import of palm oil was approximately

Govt to procure edible oil, lentil, fertilizer

Cabinet committee on government purchase (CCGP) in a virtual meeting on Wednesday approved a number of proposals including procurement of edible oil, lentil and fertiliser. Finance Minister AHM Mustafa Kamal presided over the meeting. As per the approved proposals, placed by the Ministry of Commerce, its subordinate body Trading Corporation of Bangladesh

Soybean oil price reduced by Tk 6 per liter

The price of soybean oil has been decreased by Tk6 per liter, which will be effective from Monday (June 27). The Bangladesh Vegetable Oil Refiners and Vegetable Manufacturers Association (BVORVMA), an association of owners of edible oil refining and marketing companies, on Sunday gave the announcement. According to BVORVMA, the maximum price

Edible oil prices to be reviewed in a week: Tipu

Commerce Minister Tipu Munshi on Thursday said prices of edible oil may fall in Bangladesh in line with declining prices in the international market. "We have seen that the prices of edible oil are declining in the international market and Indonesia has also withdrawn its ban on exporting edible oil. We

6,000 litres of edible oil seized in Chattogram

A team of Rapid Action Battalion and National Consumer Rights Protection (NCRP) in a drive seized 6,120 litres of edible oil from different warehouses at Bandartila Saltgola of Chattogram port city on Sunday. A team of Rab and NCRP conducted a drive at Ishanmistrir Bazar in Saltgola and seized edible oil

8 edible oil importers sued for market manipulation

Bangladesh Competition Commission (BCC) filed cases against eight importer companies for manipulating the production and supply of edible oil in the country on Wednesday. The companies are: City Edible Oil Limited (Teer), Bangladesh Edible Oil Limited (Rupchanda), Meghna and United Edible Oils Refinery Limited (Fresh), Bashundhara Oil Refinery Mill (Bashundhara), Shabnam

Bangladesh consumes 3m tonnes of edible oil in 2020

In Bangladesh the per capita consumption of edible oil increased by 20 per cent in the last five years to reach 18.4 kgs in 2020 while the overall consumption of edible oil increased by 36 per cent in five years to reach 3.03 million tonnes in 2020 against 2.22 million