# Lentils, soybean oil being purchased for OMS | The Daily Star

> 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.

- Date: 2023-11-15 · published 2023-11-15T12:00:00.000Z
- Category: trade · region Bangladesh · magnitude low
- Page: https://feedsoft.ai/events/33498-lentils-soybean-oil-being-purchased-for-oms-the-daily-star
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The purchase is small relative to global markets but adds modest local demand for soybean oil and lentils.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-08-28 | [Chinese open up again for Argentine soy oil just in the nick of time  : The Daily Digest](https://feedsoft.ai/events/69543-chinese-open-up-again-for-argentine-soy-oil-just-in-the-nick-of-time-the-daily.md) | +2.0% | -2.4% |
| SBO | 2024-12-11 | [Export demand surging for US corn, soybean oil \| Baking Business](https://feedsoft.ai/events/26904-export-demand-surging-for-us-corn-soybean-oil-baking-business.md) | -2.0% | -2.2% |
| SBO | 2021-01-27 | [The sharp rise in prices of soybean oil will support prices for sunflower oil and sunflower](https://feedsoft.ai/events/49249-the-sharp-rise-in-prices-of-soybean-oil-will-support-prices-for-sunflower-oil.md) | +3.8% | +13.1% |
| SBO | 2020-02-21 | [High Oleic Soybean Oil Popularity Sprouting Around the World \| United Soybean Board](https://feedsoft.ai/events/54690-high-oleic-soybean-oil-popularity-sprouting-around-the-world-united-soybean.md) | -4.3% | -15.4% |
| SBO | 2022-08-15 | [Demand for grain and soybean derivatives from the US and BR increases - Revista Cultivar](https://feedsoft.ai/events/6710-demand-for-grain-and-soybean-derivatives-from-the-us-and-br-increases-revista.md) | -2.4% | +1.1% |

## Sources

- thedailystar.net: https://www.thedailystar.net/business/news/lentils-soybean-oil-being-purchased-oms-3470641

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.