Edible oil price: Traders demand Tk 10 per litre increase, govt caps it at Tk 1

In a tense standoff between the government and edible oil traders, the Ministry of Commerce has unilaterally approved a minimal increase of Tk 1 per litre for edible oils, sharply rejecting industry demands for a Tk 10 hike amid soaring global commodity prices. The decision, taken after a closed-door meeting with the Bangladesh Vegetable Oil Refiners and Banaspati Manufacturers Association, has drawn strong resistance from major market players, who claim the move ignores economic realities and risks supply chain disruptions. The meeting, chaired by Commerce Adviser Sk Bashir Uddin and attended by representatives from City Group, Meghna Group, TK Group and Bangladesh Edible Oil, ended without consensus. Notably, no press briefing followed, despite being scheduled. Sources confirm traders had formally...