Edible oil crunch lingers, consumers fear fresh price hike ahead of Ramadan
Dhaka, Nov. 5 -- Supply of edible oil in the market is yet to return to normal even after prices were raised in September, fuelling consumer fears that prices could go up yet again before the upcoming Ramadan.
A visit to different kitchen markets and grocery stores across the capital shows the supply has not fully normalised, with soybean oil being sold above the retail price in some places.
Several grocery stores in Badda, Rampura, Malibagh and Shantinagar were found selling five-litre soybean oil bottles, which carry a retail price of Tk 1,000, at Tk 5 to Tk 20 above that price.
Asked for the reason, Abu Hossain, owner of Hossain Traders in North Badda, said supply of five-litre soybean oil bottles is short in the market.
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