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Around 23m litre soybean oil arrives at Chittagong port

UNB . Dhaka
05 May 2022 18:40:48 | Update: 05 May 2022 18:45:57
Around 23m litre soybean oil arrives at Chittagong port
Soybean oil cans put on display at a shop in Karwan Bazar, Dhaka — Shamsul Haque Ripon

Around 22.9 million litres of soybean oil have arrived at Chittagong port while 13,000 tonnes of palm oil tanker will arrive at the port on Friday, according to Chittagong Port Authority (CPA).

A ship named 'MV Orient Challenge' carrying 22 million litres of crude soybean oil from Singapore arrived at Chittagong port on April 26, the news agency said.

On the other hand, the 13,000-tonne palm oil carrier 'MT Sumatra Palm' is scheduled to arrive at Chittagong port on Friday.

The Indonesian-flagged ship sailed from the Indonesian port of Lubuk Geang on April 26, the Marine Traffic has provided this information on its own website.

CPA Secretary Umar Farooq told reporters that a ship arrived at Chittagong port from Singapore last Thursday carrying oil.

The country's top four companies City Group, Sena Kalyan Edible Oil, Bangladesh Edible Oil, and Bashundhara Group have imported the oil. The process of unloading imported oil has already begun, he said.

On the other hand, Kazi Abu Naeem, general manager of Mohammadi Trading Company Limited, the local agent of the Indonesian ship in Bangladesh, said that the Sumatra Palm ship will arrive in Chittagong port on Friday.

Indonesia is the world's top exporter of palm oil. About 90 per cent of Bangladesh's required palm oil is usually imported from Indonesia. The country (Indonesia) has banned palm oil exports since midnight on April 28.

According to Chittagong Customs, the country's top importers brought about 1,20,000 tonnes of palm oil in April before the Indonesian government's ban on palm oil export.

Bangladesh imports about 1.3 million tonnes of palm oil annually. 90 per cent of these are imported from Indonesia. The remaining 10 per cent comes from Malaysia.

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