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Soybean oil, sugar prices go up again

17 November 2022
Soybean oil, sugar prices go up again

File photo


UNB, Dhaka :

The prices of soybean oil and sugar have increased again in the country's market.

Soybean oil price has hiked by Tk 12 to Tk 190 per liter while the price of sugar by Tk 13 to Tk 108 per kg.

The new rate became effective from Thursday (November 17).

According to a circular of the Bangladesh Sugar Refiners Association, the maximum retail price of sugar is adjusted in accordance with the international market.

Following this, application for price adjustment was made on November 3 with necessary documents. Later, two rounds of discussions were held with Bangladesh Trade and Tariff Commission regarding price adjustment.

As per the new prices, per kg loose sugar price is Tk102 and packaged sugar  price is Tk108 per kg.

Meanwhile, in a separate notification, Bangladesh Vegetable Oil Refiners and Bonaspati Manufacturers Association said that the maximum retail price of edible oil is adjusted in line with the international market.

Following this, application for price adjustment was made on November 1 with necessary documents.

Later, two rounds of discussions were held with Bangladesh Trade and Tariff Commission regarding price adjustment. The commission agreed on price adjustment.

The new prices of per liter bottled soybean oil from Thursday is Tk 190 and 5 litter bottle Tk 925 taka; Open soybean oil price is Tk 172 per liter and palm oil Tk 121 per liter.

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