Soybean oil supply to normalise in two days: Commerce adviser

The supply of soybean oil to the retail level will normalise within the next two days, Commerce Adviser Sk Bashir Uddin said today.
"There is no shortage of daily essentials now. But the supply of soybean oil is slightly less, which cannot be denied, but I hope the situation will improve from today," the adviser told reporters after visiting Mohammadpur Town Hall kitchen market in the afternoon.
Adviser to the Ministry of Industries Adilur Rahman Khan was also present during the time, according to a press release.
Responding to a query about the rise in soybean oil prices, Bashir Uddin said that while soybean oil was selling at a higher rate, palm oil was being sold Tk 25 lower per litre than the government-fixed price.
"Palm oil accounts for 60 percent of our total consumption. The price of edible oil in the market has decreased and increased at the same time. I hope the price of soybean oil will also decline," he added.
Commerce Secretary Mahbubur Rahman, Industries Secretary Md Obaidur Rahman, Directorate of National Consumer Rights Protection Director General Mohammad Alim Akhtar Khan, and Bangladesh Standards and Testing Institution official SM Ferdous Alam were also present.
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