The government today reduced the palm oil (super) price by Tk 8 per litre and raised the sugar price by Tk 6 per kg.

Saudi Arabia, the world's top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.

Edible oil prices may come down soon in the local market of Bangladesh on the back of the downturn trend in prices in the international market, Commerce Minister Tipu Munshi said today.

Indonesia will lift its palm oil export ban from Monday (May 23, 2022), following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday.