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CHATTOGRAM, March 12, 2022 (BSS) - Oil and sugar prices came down at Khatunganj, the country's largest wholesale market, here.

Soybean oil and palm oil prices have declined by Tk 500 to 600 per mond and sugar by Tk 100 per mond, sources said. The prices of pulses and gram remain stable.
 

It was found while visiting Khatunganj whole sale market that soybean oil was sold at Tk 6,150 per quintal on March 7 and it was sold at Tk 5,550 yesterday. On the same day, palm oil was sold at Tk 5,900 and yesterday it was sold at Tk 5,200. The price of sugar has also come down by Tk 100 per quintal.
 

 A total of 37.32 kilograms (KG) is calculated per quintal in the wholesale market.
 

Syed Sagir Ahmed, general secretary of Khatunganj Trade and Industries Association, told BSS that the prices of Soybean and Palm oil have reduced to Tk 600 per quintal in four to five days. It has been possible due to the government's decision to withdraw VAT and other duties, he said and emphasized on regular monitoring the markets by the government's appropriate authorities.
 

"Now, we need to import oil and sugar from the international market where prices are reasonable," Sagir Ahmed said and added that the prices of all kinds of pulses and gram products are stable here.
 

Meanwhile, while visiting Chawkbazar, Bahaddarhat today, it was seen that the effect of price reduction in the wholesale market has started to be felt in the retail market.
 

Nazrul Islam, proprietor of Yunus Store at Chawkbazar retail market, told BSS that now the prices of these two products will further reduce.
 

He said that the withdrawal of VAT has created a positive impact on the wholesale market of oil and sugar.