Processors warn of further rise in edible oil price
Edible oil is likely to become costlier in the days ahead because of the upward price trend of soybean and palm oil worldwide as Bangladesh meets 90 per cent of its demand through imports, said processors yesterday.
The prices of the key cooking ingredient have been soaring for the last several months, putting pressure on the consumers already suffering from a loss of income amid the ongoing coronavirus pandemic.
Yesterday, retailers were selling unpackaged palm oil at Tk 102-105 a litre in the markets in Dhaka city, up 43 per cent year-on-year. Soybean oil in unpackaged form was up 36 per cent at Tk 115-120.