The government yesterday reduced the price of bottled soybean edible oil at the retail level by Tk 8 per litre to Tk 160.

Amid high prices of daily essentials, many in need returned empty-handed from the TCB sales points outside the capital yesterday as they did not have “family cards”.

The prices of edible oil have gone up at the wholesale level yesterday despite the 30 percent tax exemption at the import and production stages.

Nasima Begum, in the advanced stages of pregnancy and carrying her two-year-old, was waiting for over two hours at the designated point in the capital’s Kazipara Bus Stand for a TCB truck to arrive with daily essentials.

The government and World Bank have signed a $120 million financing agreement to help improve the irrigated agricultural and fisheries production and increase the incomes of 170,000 poor people vulnerable to climate change.

Even though the government on Monday partially removing VAT on edible oils, consumers have yet to get any relief as traders have not reduced prices as of yesterday. 

Amid public outcry over the spiralling prices of edible oils, the government yesterday partially removed VAT on refined palm and soybean oil, but it is not likely to greatly ease the consumers’ burden.

The majority of the ready-to-consume snacks and beverages like fizzy drinks, chips and fried chicken contain substances harmful for health and are responsible for non-communicable diseases, found local researchers.

Prime Minister Sheikh Hasina today proposed establishment of an International Seed Bank to avert food crisis in future.

Russian strikes hit fresh civilian targets in central and eastern Ukraine yesterday, including a city previously considered a safe haven, as Moscow’s troops edged closer to the capital Kyiv.

The edible oil price has dropped to the government’s pre-fixed rate a day after the announcement of value-added tax exemption came.

The supply order, crucial for dealership of edible oils, has turned out to be a key tool being used to inflate the prices at the country’s biggest trade hub in Chattogram.

Amid soaring prices of daily essentials, the government has decided to deliver 61,000 tonnes of soybean oil, sugar, chickpea and lentil to five crore people through the Trading Corporation of Bangladesh.

McDonald's Corp said on Tuesday it would temporarily close all 847 of its restaurants in Russia, increasing pressure on other global brands to pause operations in the country following Moscow's invasion of Ukraine.

No matter how hard Md Shaon, a day labourer, and his wife, a domestic help, work, their attempts fall short against the skyrocketing price to make ends meet for their family of five.

A section of traders is cashing in on the ongoing Russia-Ukraine war to hike  prices of essentials that were already becoming costlier, market  insiders said.  

A crisis of edible oil, particularly soybean oil, has hit the domestic markets amid retailers and wholesalers stocking up and refiners slowing down delivery, as prices of essential commodities keep climbing in the international market.

According to a new World Health Organisation /United Nations International Children’s Emergency Fund (WHO/UNICEF) report, more than half of parents and pregnant women (51%) have received formula milk marketing, much of which violates international standards on infant feeding practices.

A UK man has recently died of caffeine overdose after accidentally drinking a mixture containing caffeine powder worth 200 cups of coffee.

Last month, when 22-year-old Mitu Dhar was struggling to make her newborn stop crying at a private hospital in Dhaka, as she couldn’t produce enough milk for him, her family members got desperate to get some artificial milk for the baby.