Commerce Minister Tipu Munshi hoped that the price of soybean oil may drop in the next one to two months, reports BSS.
"Due to the high value of the US dollar, the price of daily commodities is not coming down in the country. Commodity prices are expected to fall after the dollar price settles in the coming months," he said.
The commerce minister said this while talking to local reporters at his residence on the Central Road in Rangpur on Saturday.
He said the import price of Soybean oil in the global market has decreased. As a result, edible oil prices have fallen. Also the problem is that the value of the US dollar has increased.
"Hopefully US dollar price will settle down soon. Soybean oil prices will be settled again when the US dollar price settles. We also expect prices of other commodities and products to come down within the next one to two months," Tipu Munshi said.
Bd-pratidin English/Lutful Hoque
