Refiners slash soybean oil prices by Tk 14

Refiners yesterday slashed retail prices of soybean oil by Tk 14 a litre as its prices in the international market dropped and the government kept the reduced Value Added Tax (VAT) on it.

Essential commodities: Price rise for global hike not justified

Whenever the price of a commodity increases in the local market, the traders and wholesalers have the readymade excuse of a price hike in the international market. But a recent study by an intelligence agency found their justification to be unsubstantiated.

Essentials’ prices: 44 cases filed over market manipulation

Bangladesh Competition Commission has filed 44 cases against a host of individuals and organisations, accusing them of creating an artificial crisis that led to abnormal hikes in prices of items like rice, flour, eggs, poultry and toiletries.

Sugar price hike: JS body slams two ministers

A parliamentary watchdog yesterday came down heavily on Industries Minister Nurul Majid Mahmud Humayun for the price spiral of sugar despite ample supply of the commodity.

After Ryan Reynolds calls it “best Indian food in Europe”, UK restaurant flooded with bookings

“Deadpool” actor Ryan Reynolds recently praised a restaurant in UK while posting a flyer on his Instagram, and since then the restaurant’s bookings have been “off the scale”.

Soybean oil officially up Tk 7-9 a litre

The government yesterday hiked the price of soybean oil for the fourth time this year even though the price of the product in the international market held steady in the past month.

October 4, 2022
October 4, 2022

Refiners slash soybean oil prices by Tk 14

Refiners yesterday slashed retail prices of soybean oil by Tk 14 a litre as its prices in the international market dropped and the government kept the reduced Value Added Tax (VAT) on it.

September 27, 2022
September 27, 2022

Essential commodities: Price rise for global hike not justified

Whenever the price of a commodity increases in the local market, the traders and wholesalers have the readymade excuse of a price hike in the international market. But a recent study by an intelligence agency found their justification to be unsubstantiated.

September 23, 2022
September 23, 2022

Essentials’ prices: 44 cases filed over market manipulation

Bangladesh Competition Commission has filed 44 cases against a host of individuals and organisations, accusing them of creating an artificial crisis that led to abnormal hikes in prices of items like rice, flour, eggs, poultry and toiletries.

September 20, 2022
September 20, 2022

Nurjahan group chairman jailed for 1 yr for selling substandard edible oil

A Chattogram court today (September 20, 2022) sentenced Nurjahan group Chairman and Managing Director Zahir Ahammed to one year in jail and fined him Tk 2.5 lakh in a case filed by BSTI for marketing low-quality edible oil.

September 18, 2022
September 18, 2022

Prices of essentials: Agri ministry should set them

After over two weeks of deliberation, Commerce Minister Tipu Munshi yesterday said the prices of rice, lentil, flour, onion and five other daily essentials should be fixed by the agricultural ministry, not the commerce ministry.

September 17, 2022
September 17, 2022

Essentials getting pricier again

Prices of eggs, rice, vegetables and flour have risen in the capital’s kitchen markets again, increasing the burden on those with limited incomes.  

September 17, 2022
September 17, 2022

Govt to fix prices of 9 commodities in next seven days

Commerce Minister Tipu Munshi yesterday said the government will fix the prices of nine basic commodities within the next seven days to check the irrational price hike of essentials in the local markets.

September 10, 2022
September 10, 2022

India’s export duty hike: Domestic rice market unlikely to be affected

India’s imposition of 20 percent duty on rice export is unlikely to affect prices of the staple in Bangladesh, according to local traders.

September 1, 2022
September 1, 2022

Maintain austerity as prices of essentials shoot up: PM   

Prime Minister Sheikh Hasina today (September 1, 2022) reiterated her call to the countrymen to put concentration on boosting food production, savings and showing austerity in all stages in the wake of global crisis.

September 1, 2022
September 1, 2022

Subsidised rice for 1.5cr poor

The government today starts selling rice at subsidised prices in an effort to give respite to the poor and low-income earners and bring stability to the volatile rice market.