Govt set to import palm oil from Malaysia

A worker loads an oil tanker with crude palm oil. Photo: InternetStar Online Report

Bangladesh for the first time in the government-level is going to sign an agreement with Malaysia to import palm oil aiming to keep stable the local edible oil market, Commerce Minister Faruk Khan said on Sunday.
The agreement is expected to sign in the next week between the state-owned Trading Corporation of Bangladesh (TCB) and Malaysian government.
The commerce minister revealed this in a meeting with Malaysian Plantation, Industry and Commodities Minister Bernard G Dompok at the secretary office without mentioning the quantity of the palm oil to be imported