# The FE - Govt to buy 0.7m tonnes of rice bran oil for TCB

> The Bangladesh government plans to procure 0.7 million tonnes of rice bran oil through its trading arm TCB for sale to consumers. TCB has already signed deals with local producers, aiming to reduce reliance on soybean and palm oil amid high edible oil prices.

- Date: 2022-07-03 · published 2022-07-03T12:00:00.000Z
- Category: policy · region Bangladesh · magnitude low
- Page: https://feedsoft.ai/events/40566-the-fe-govt-to-buy-0-7m-tonnes-of-rice-bran-oil-for-tcb
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Government procurement of rice bran oil shifts some edible oil demand away from soybean and palm oil, a modest bearish factor for those oils in Bangladesh.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-06-01 | [Anti-dumping taxes fear for soybean oil prices](https://feedsoft.ai/events/70581-anti-dumping-taxes-fear-for-soybean-oil-prices.md) | +0.1% | +2.5% |
| SBO | 2024-05-01 | [New system of subsidies for biodiesel production in the US has brought down soybean oil prices](https://feedsoft.ai/events/30343-new-system-of-subsidies-for-biodiesel-production-in-the-us-has-brought-down.md) | +2.5% | +8.4% |
| SBO | 2026-04-24 | [Russian govt increases base prices for sunflower oil, meal for calculating export duties](https://feedsoft.ai/events/19823-russian-govt-increases-base-prices-for-sunflower-oil-meal-for-calculating.md) | +3.9% | +0.6% |
| SBO | 2019-06-14 | [EU biofuel ruling hits prices of palm and coconut oil \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/58690-eu-biofuel-ruling-hits-prices-of-palm-and-coconut-oil-analysis-and-features-the.md) | +2.0% | +0.3% |
| SBO | 2020-03-25 | [Can increase the price of sunflower oil - IKAR in Mass Media \| IKAR.ru](https://feedsoft.ai/events/54254-can-increase-the-price-of-sunflower-oil-ikar-in-mass-media-ikar-ru.md) | +1.7% | -3.7% |
| PALMOIL | 2019-02-01 | [Palm oil exporters back govt to retaliate on France, Norway and the EU's palm oil ban](https://feedsoft.ai/events/6969-palm-oil-exporters-back-govt-to-retaliate-on-france-norway-and-the-eu-s-palm.md) | +5.2% | -0.2% |
| PALMOIL | 2024-01-01 | [Palm Oil Magazine - CPO Reference Price for the Period of January 1 to 15, 2024 Declines: CPO Out Fee and Levy US$93 Per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15673-palm-oil-magazine-cpo-reference-price-for-the-period-of-january-1-to-15-2024.md) | -1.4% | +1.5% |
| PALMOIL | 2019-04-26 | [Minister: Govt to intervene in event of steep palm oil, biofuel price hike \| Malay Mail](https://feedsoft.ai/events/59479-minister-govt-to-intervene-in-event-of-steep-palm-oil-biofuel-price-hike-malay.md) | -7.0% | -8.1% |

## Sources

- thefinancialexpress.com.bd: https://thefinancialexpress.com.bd/home/govt-to-buy-07m-tonnes-of-rice-bran-oil-for-tcb-1656815500

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