Edible oil refiners assure to end soybean oil crisis

Edible oil refiners assure to end soybean oil crisis

Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVORVMA), an organization of edible oil suppliers, has assured that the soybean oil crisis in the market will end in a short time.
The organization said in a statement on Sunday that considering the rising demand for edible oil in the market ahead of the holy month of Ramadan, the organizations affiliated with the association are supplying more edible oil than usual.
Considering the amount of edible oil supplied and imported, there is no chance of a crisis. If there is a crisis due to the tendency of some traders to stock up, the price and supply during Ramadan is enough and there is no need to be panicked, according to a press release.