A trader was fined Tk 1 lakh for illegal stocking of soybean oil in his store at Manikganj today (May 13, 2022).

The seizure of hundreds of thousands of litres of hoarded edible oil in the last one week has proved the claim that unscrupulous traders created the crisis to be able to sell cooking oil at higher prices.

A mobile court in Pabna yesterday (May 11, 2022) seized 104,000 litres of soyabean oil from different grocery shops in the district.

Jubilant FoodWorks, the master franchisee of Domino's Pizza in India, Sri Lanka, Bangladesh and Nepal, has fully acquired Jubilant Golden Harvest Ltd, the franchisee of Domino’s Pizza in Bangladesh.

An annoyed Shovon Das was walking home with a five-litre bottle of soybean oil from Shaheb Bazar in Rajshahi city yesterday afternoon. He had paid Tk 985 for it even though the government set the price at Tk 760.

Police in a raid seized 92,616 litres of edible oil illegally stored at four warehouses and a truck at Baneshwar Bazar of Rajshahi's Puthia upazila today (May 10, 2022).

With the government still struggling to bring stability to the volatile edible oil market, Commerce Minister Tipu Munshi yesterday said it was a mistake on his part to trust the businesspeople as they hoarded edible oil and hiked prices abnormally after the Eid-ul-Fitr.

Police in a raid seized 20,400 litres of edible oil illegally stored at a warehouse at Taherpur Bazar of Rajshahi's Bagmara upazila this evening.

After the new prices came into effect, edible oil companies started supplying bottled, loose soybean and palm oil through distributors from Saturday.

Prime Minister Sheikh Hasina today (May 8, 2022) underscored the innovation of climate tolerant crops by agriculture scientists and the adaptation of modern technology for ensuring food security across the globe.

Protesting the decision to hike edible oil price, left-leaning political parties yesterday alleged that syndicates that control the oil market and the government are reasons behind the hike.

Bottled and non-bottled soybean oil, which went out of stock at most shops about a week ago, remained unavailable in almost all the grocery stores yesterday, a day after the price of the essential cooking ingredient saw a record hike.

Edible oil prices see the biggest increase in Bangladesh’s history as the government moves to put an end to the unprecedented crunch of the essential cooking item.

A banker in Naogaon did not find soybean oil in the local market. A woman in Natore was lucky to score a one-litre bottle for an unusually higher price. A private firm employee in Chattogram decided to make do with mustard oil after failing to find soybean oil in her neighborhood.

The retail prices of non-bottled and bottled soybean and palm oil have gone up by Tk 10-15 per litre overnight due to a supply crunch in the aftermath of Indonesia’s export ban on crude and refined palm oil imposed on Wednesday.

The government today started the procurement of Boro paddy across the country. Boro paddy is being procured directly from farmers at Tk 27 per kg. 

Prime Minister Sheikh Hasina yesterday said her government is doing its best to control prices of daily essentials amid the high global inflation rate.

From village to town, printed and used paper is widely used in Bangladesh to serve food, especially street food. But the real question is how safe it is for our health. The Bangladesh Food Safety Authority (BFSA) has also warned about using printed paper and polythene for serving oily and warm food, but the implementation of the decision is not properly regulated.

At least 30 people including nine judges fell sick yesterday (April 21, 2022) due to food poisoning after taking iftar at a restaurant in Pabna on Wednesday (April 20, 2022).

Despite record imports of soybean oil in the first quarter, consumers are having to pay an additional Tk 36-38 for every litre of non-bottled soybean oil over the price set by the government.