Prices of edible oil go up by Tk 6 in a week
Staff Correspondent
Prices of edible oil in the kitchen markets in the capital have increased by Tk 6 per litre in one week.Soya bean oil sold at Tk 58 per litre in different retail markets yesterday, which was Tk 52 last week. Traders of Moulvi Bazar wholesale market said the edible oil refiners have formed an informal cartel to raise the prices of edible oil. "If the situation continues, the price will further increase. So, the government should take immediate measures to control the price," said Moulvi Bazar Baboshayee Samity General Secretary Golam Mowla. The refiners have attributed the situation to the price hike in the international market and unavailability of ships to import oil, he said, adding that the refiners are using these as excuses to do monopoly business in the edible oil market. "I have already informed the commerce minister of the situation," Mowla said. Wholesale price of soya bean oil was Tk 1,860 per maund (about 38 kg) yesterday while it was Tk 1,800 last week, Moulvi Bazar Baboshayee Samity said. At the mill gate the refiners demanded Tk 1,900 for per maund soya bean oil, they added.
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