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Govt cuts palm oil, sugar prices

  • Staff Correspondent
  • 23 September, 2022 12:00 AM
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The commerce ministry reduced the price of palm oil and sugar on Thursday.

Effective from 25 September, the price of palm oil will reduce by Tk 12 to Tk 133 per litre, said a notice of the ministry.

Meanwhile, the price of packed sugar will drop by Tk 6 to Tk 89 per kg. Loose sugar price will come down by Tk 8 to Tk 84 per kg.

Earlier, Bangladesh Trade and Tariff Commission (BTTC) recommended setting the price of palm oil at Tk 133 per litre considering the price situation in the global market and import costs.

The commission believes the price of soybean oil is reasonable currently.

On 30 August, the Ministry of Commerce announced the decision to fix the prices of rice,

atta, flour, soybean oil, palm oil, sugar, lentil, MS rod and cement.

Palm oil and sugar were being sold at higher rates than recommended by the BTTC.