Farmers across two coastal districts of Bangladesh, namely Patuakhali and Barguna, as well as Tangail are increasingly growing oilseed crops in a bid to profit from the ever-higher prices of edible oil.

The commerce ministry today suggested the authorities concerned to take measures so that the edible oil is sold in the local markets at prices fixed by the government.

Bangladesh Trade and Tariff Commission will hold a meeting within a week to discuss the adjustment of edible oil prices, Commerce Minister Tipu Munshi said today.

The prices of edible oil may decline in the domestic market of Bangladesh soon as the prices are falling in the international markets, said Senior Commerce Secretary Tapan Kanti Ghosh today.

There is a huge hue and cry about the recent unprecedented price hike of soybean oil.

Indonesia, the world’s biggest supplier of edible oils, has decided to lift the ban on palm oil exports, a development that is expected to bring much-needed relief to the consumers in Bangladesh struggling to afford the cooking oil because of skyrocketing prices.

The situation is really concerning and the government must do everything to keep the cooking oil market stable.

Police in a raid seized 92,616 litres of edible oil illegally stored at four warehouses and a truck at Baneshwar Bazar of Rajshahi's Puthia upazila today (May 10, 2022).

Govt must open eyes to consumers' unending sufferings

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.