AreaBangladesh

Commodity GroupOilseeds, oils and meals

CommodityVegetable oils

Date01/04/2021

Policy CategoryConsumption and marketing

Policy InstrumentMarket regulation

DescriptionTemporarily suspended the 4 percent ‘advanced tax’ collected on imports of unrefined vegetable oils and refined palm oil, in a bid to stabilize edible oil retail prices during the Ramadan period.

NotesBANGLADESH – market regulation: Consistent with earlier announcements (see MPPU Apr.’21), the Government temporarily suspended the 4 percent ‘advanced tax’ applied to imports of unrefined vegetable oils and refined palm oil, in a bid to stabilize edible oil retail prices during the Ramadan period.