Soybean oil imports plunge in Bangladesh amid pricing disputes

Soybean oil imports in Bangladesh dropped sharply in January–April 2026 compared to the same period last year. According to the commerce ministry, imports fell from 448,000 tons to 261,000 tons, putting additional pressure on the domestic market.

Importers say they have reduced shipments because domestic prices have not been adjusted in line with global market levels. Selling at regulated prices has led to sustained losses, and repeated appeals to the government for price revisions have so far brought no effective solution.

In contrast, palm oil imports remained largely stable at around 457,000 tons during the same period. Bangladesh consumes approximately 2.4 million tons of edible oil annually, with about 90% of this demand met through imports.

As supplies tighten, shortages have already been reported in some areas, pushing retail prices higher. Industry representatives warn that continued losses could further reduce import volumes and create risks for market supply.

Government officials acknowledge that the availability of bottled soybean oil is somewhat limited but maintain that the overall situation remains under control. Authorities say they are closely monitoring the market and are in regular contact with importers, ready to take action if needed.

Tags: soybean oil, palm oil, Bangladesh