** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Retail prices of soybean oil yet to fall in port city

21 March 2022
Retail prices of soybean oil yet to fall in port city

Chattogram Bureau :
The price of palm and soybean oil in the wholesale market of Khatunganj has been declining due to the effect of reduction of VAT by a total of 30 percent at the stage of production and import of edible oil. In the last one week, the price of palm oil has come down by Tk 800 per maund and soybean by Tk 500 per maund.
Although the wholesale price has come down, the retail market has not been affected yet.
As a result, consumers are not getting any direct benefit from the reduction in wholesale prices. Traders say that soybeans are usually bottled and sold by different companies in the market.
Besides, there is some demand for open soybean towards Grameganj. The soybean bottles in the market are already supplied by different companies.
When these are sold, bottled soybeans will be sold at the new price.
On the other hand, there is a demand for palm oil in various hotels, restaurants and food manufacturing establishments.
According to a search in the wholesale market of Khatunganj yesterday, palm oil has come down to Tk 800 per maund (37.32 kg) in one week interval and is now being sold at Tk 100. Besides, soybean has been reduced by Tk 500 and is now being sold at Tk 5,600.

Add Rate