Commerce Minister Tipu Munshi announced the decision after a weekly meeting of the ministry’s commodity price monitoring cell on Sunday. “The surge in prices in the international market has an impact,” he said. Cooking oil was sold at $700 per tonne in July and rose to as high as $1,190 before settling down to $1,100. Unpacked soybean oil now retails in the market at Tk 130 per litre, which was Tk 90 three months ago. Now we will send a letter again,”According to the ministry, about 70-72 percent of the edible oil sold in Bangladesh a year is unpacked.

Source: bd News24 January 24, 2021 11:37 UTC