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Bangladesh's cabinet committee approved purchases of 5 million litres of soybean oil and 27,000 tonnes of lentils, worth Tk 344 crore in total. The goods will be sold at subsidised prices through open market sale trucks to low-income consumers in Dhaka.
The purchase is small relative to global markets but adds modest local demand for soybean oil and lentils.
thedailystar.netStar Business ReportNov 15, 2023After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
