Soybean oil and sugar prices have gone up again.
Soybean oil price has increased by Tk 12. It is now Tk 190 per litre. Price of sugar has increased by Tk 13; it is now Tk 108 per kg.
The new prices are effective from today (November 17, 2022).
According to a circular from Bangladesh Sugar Refiners Association, regarding the sugar price hike, the maximum retail price of sugar has been adjusted in accordance with the international market.
Read: Refiners want Tk 15 per litre soybean oil price hike by tomorrow
Following this, application for price adjustment was made on November 3 with necessary documents. Later, two rounds of discussions were held with Bangladesh Trade and Tariff Commission regarding price adjustment. The new price of sugar is effective from today, as Bangladesh Trade and Commission agreed on price adjustment.
As per the new prices, loose sugar is Tk 102 per kg and packaged sugar is Tk 108 per kg.
Meanwhile, in a separate notification, Bangladesh Vegetable Oil Refiners and Bonaspati Manufacturers Association said that the maximum retail price of edible oil has been adjusted in line with the international market. Following this, application for price adjustment was made on November 1 with necessary documents.
Later, discussions were held with Bangladesh Trade and Tariff Commission regarding price adjustment. The commission agreed on the price adjustment.
Read: Sugar prices to be stable soon, says Commerce Minister
The new prices of edible oil, effective from today, are Tk 190 per litre of bottled soybean oil and Tk 925 for 5 litre bottle. Unbottled soybean oil is now Tk 172 and palm oil Tk 121 per litre.