Bangladesh Emerged As Fastest Growing Market of Vegetable Oils in South Asian Countries
21
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by A.K.M Fakhrul Alam
Bangladesh has become one of the fastest growing markets for vegetable oils in South Asian countries during recent years. On average of the last 10 years, consumption of oils and fats was boosted by 6% per year. As the domestic production is still insufficient to meet the rapid growth of demand, country strongly depends on import. Bangladesh is seen importing a record quantity of over 2 million tonnes of oils and fats in Oct./Sept 2015/16 period, thus being the 6th largest importer in the world.
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