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This time the government's marketing agency Trading Corporation of Bangladesh (TCB) has increased the price of soybean oil. The government's marketing agency on Monday (Feb 15, 2021) increased the price of soybean oil by Tk. 10 per liter.
In addition to market control, TCB sells a variety of daily commodities, including edible oil, pulses, sugar and onions, at lower prices than the market price for the benefit of low-income people. This government agency does not sell products for profit. So why are they now raising the prices of soybean oil and lentil pulses when the prices of edible oil are rising uncontrollably in the market.
Concerned parties said that now TCB should have increased the supply of soybean in the market so that the market is under control. Traders cannot raise prices in the local market as they wish due to the international market. But they have not increased the supply of soybean in the market but have increased the price.
TCB's bottled soybean oil now costs Rs 90 per liter. In this regard, TCB spokesperson Humayun Kabir said, "Apart from onions, we are buying all other products like soybean, lentil pulses and sugar from the local market and giving those to the consumers." We have had to raise prices because of rising prices in the local market. In response to a question, he said it is not possible to increase the supply of soybean oil in the market at the moment. However, the supply of soybeans in the market will be increased in April at the beginning of Ramadan.
Source: Online/SZK
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