Knowledge Tech Coconut oil prices also rose

Soybean and palm oil prices have already risen. The price of top oil has also gone up. Meanwhile, the price of coconut Knowledge Tech oil has gone up.

 

The vegetable oil market seems to be competing for price increase. The soybean and palm oil markets were already hot. In the 2021-22 budget, the government has also imposed 5 percent tariff on top oil. This has led to fears of rising oil prices. In this situation, the price of coconut Knowledge Tech oil has increased in the market, although it is mainly used in hair care in Bangladesh.

A visit to the Dhaka market on Sunday showed that the price of coconut Knowledge Tech oil has gone up by Rs 50 to Rs 65 per liter. Shah Paran, owner of Shah Paran Enterprise in Karwan Bazar, told Prothom Alo that at the beginning of this month, the price of a 200 ml bottle of parachute brand coconut Knowledge Tech oil was Tk 120. At present it is 135 rupees. The price of a 500 ml bottle of this brand has also increased from Tk 280 to Tk 305.

 

Apart from parachutes, prices of Lalbagh Chemicals 'duck brand and Gandhari oil and Square Toiletries' jasmine coconut Knowledge Tech oil also rose at the same rate.
Square Toiletries has acknowledged the price hike. Jasmine Zaman, head of marketing at the company, told Prothom Alo that the price of coconut Knowledge Tech oil is higher due to the complexity of processing during the rainy season. On top of this, freight has increased in Corona, containers are also stuck in some places, this has affected the price of coconut Knowledge Tech oil.

However, Cristabel Radloff, director of corporate affairs at Marico Bangladesh, a producer of parachute coconut oil, claimed that the price of any oil produced by them in Bangladesh has not increased in the last three months. However, the director of Marico Bangladesh said that the issue of increasing the price of the product has been reviewed considering the price of raw material in the world market, the effect of covid, inflation, etc.