TCB to start selling edible oil, other commodities from mid-May
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TCB to start selling edible oil, other commodities from mid-May

Tipu Munshi to brief reports on edible oil issue Monday
TCB to start selling edible oil, other commodities from mid-May
People are buying edible oil from a TCB Truck (File photo)


The Trading Corporation of Bangladesh (TCB) will start open market sale (OMS) of some essential commodities including edible oil from mid of May in Dhaka and other divisional cities.

The ministry is working to re-fix the prices of essentials including edible as their prices have gone up on the global market, said an additional secretary to the Commerce Ministry.

Also read: Govt approves fresh hike in edible oil price effective Friday

Primarily the TCB will engage 400 trucks for OMS after fixing the prices of commodities, he said.

In the month of Ramadan, the TCB sold soybean oil at Tk110 per liter, but the price of soybean and other edible oil jumped bothon local and global markets, so it is needed to re-fix the prices of TCB’s edible oil and other commodities, the official said.

Commerce Minister Tipu Munshi will brief reports on edible oil supply and management issue at his secretariat office on Monday, senior information officer of the ministry Abdul Latif Bakshi  told UNB on Sunday.

Also read: Around 23 million litre soybean oil arrives at Chittagong port amid growing demand

Besides, Tipu Munshi will talk formally with the traders, edible oil importers and refiners regarding the current situation of edible oil price and supply in the market.

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Bangladesh TCB Commerce Minister Tipu Munshi OMS Trading Corporation of Bangladesh essential commodities Open Market Sale Edible oil