# Wholesale prices of edible oil fall in Khatunganj | The Daily Star

> Edible oil prices in Dhaka's Khatunganj wholesale market fell nearly 6 percent over 10 days, tracking lower global palm and soybean oil prices. Crude palm oil dropped about $80 per tonne and soybean oil about $90 per tonne in Malaysia and Indonesia over three weeks.

- Date: 2017-02-25 · published 2017-02-25T12:00:00.000Z
- Category: market · region Bangladesh · magnitude low
- Page: https://feedsoft.ai/events/7064-wholesale-prices-of-edible-oil-fall-in-khatunganj-the-daily-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower global vegetable oil benchmarks are passing through to Bangladeshi wholesale prices, squeezing importers who bought at higher levels. The decline reflects weaker global palm and soyoil prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- thedailystar.net: https://www.thedailystar.net/business/wholesale-prices-edible-oil-fall-khatunganj-1367368

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