Edible oil price to come down by next week: Minister
Commerce Minister Faruk Khan yesterday said the price of edible oil that witnessed a stiff rise in the market will come down to a tolerable-level by next week.
“We will sit with the oil refiners on Thursday [today] and Sunday. We'll be able to fix the price of loose and packed soybean oil through discussion with refiners. I hope the price will start coming down to a tolerable level after Sunday,” he said to journalists at his office after a meeting with a Dutch-Bangla Chamber delegation.
The chamber's President Mir Mohammad Imam Hossain led the 10-member team.
Khan said the government is closely monitoring the edible oil market. Some of the refiners have already reduced the price of edible oil.