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Bangladesh Refiners Cut Soybean Oil, Sugar Prices Due To Fall In Their International Rates

Bangladesh imports most of its sugar and soybean oil for its domestic requirements due to low <br>domestic production of both the commodities and in a recent move, the prices of both the <br>commodities have been slashed by the domestic refiners.

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Bangladesh Refiners Cut Soybean Oil, Sugar Prices Due To Fall In Their International Rates

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  1. Bangladesh Refiners Cut Soybean Oil, Sugar Prices Due To Fall In Their International Rates Bangladesh imports most of its sugar and soybean oil for its domestic requirements due to low domestic production of both the commodities and in a recent move, the prices of both the commodities have been slashed by the domestic refiners. Soybean Oil And Sugar Prices Have Changed In Bangladesh Prices for sugar and edible oil have been reduced by refiners in Bangladesh by 3%, or Tk 5, per liter/kilogram. In two different press releases yesterday, the processors claimed that a decline in their international rates had allowed them to lower the prices of the two essential commodities. According to the BSRA and Bangladesh Vegetable Oil Refiners' and Vanaspati Manufacturers' Association, the revised prices for Sugar Exporter and soybean oil will take effect from today itself. Because domestic production of edible oil and sugar is so low, imports satisfy more than 90% of the nation’s annual needs. Soybean Oil Prices In Bangladesh Soybean oil will now cost Tk 174 per litre at reduced retail prices, a decrease of almost 3% from Tk 179. Every five-litre bottle of cooking oil will now cost Tk 850. Sugar Prices In Bangladesh Similar to this, the Bangladesh Sugar Refiners Association (BSRA) lowered sugar prices to reflect the decline in the price of raw sugar on the international market. Following the reduction, consumers will be able to purchase packaged sugar for Tk 135 per kg, a 3.5 percent decrease from the previous rate.

  2. The price of loose sugar will be Tk 130 per kg, down from Tk 135. If you are a soybean oil importer / sugar importer wishing to buy soybean oil in bulk / buy sugar in bulk or a soybean oil exporter / sugar exporter willing to export bulk soybean oil / export bulk sugar, then Tradologie.com is the right platform for you. Tradologie is a global digital trade hub that facilitates bulk agro-commodities trade in a transparent manner. Through Tradologie’s AI based platform, buyers and sellers can connect directly with each other in real-time, negotiate prices to get the best deals, without the involvement of any middlemen. This guarantees the best prices for both buyers and sellers on the platform, resulting in a significant decrease in the cost of trade by close to 10% overall. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

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