The recent increase in duties on the import of crude and refined edible oils has resulted in an increase of about ?2,500 on every tonne of an FFB (Fresh Fruit Bunch) of oil palm, bringing cheers to thousands of farmers in the country.
Where does Bangladesh import palm oil?
Bangladesh imports Palm Oil primarily from: Indonesia ($1.36B), Malaysia ($75.6M), India ($17.1M), Singapore ($2.48M), and United Arab Emirates ($10.6k). The fastest growing import markets in Palm Oil for Bangladesh between 2020 and 2021 were Indonesia ($659M), India ($17.1M), and Singapore ($623k).
How much palm oil does Bangladesh export in 2021?
In 2021, Bangladesh exported $5.39M in Palm Oil. The main destinations of Bangladesh exports on Palm Oil were India ($5.38M), Canada ($722), France ($548), and South Korea ($9). In 2021, Bangladesh imported $1.45B in Palm Oil, mainly from Indonesia ($1.36B), Malaysia ($75.6M), India ($17.1M), Singapore ($2.48M), and United Arab Emirates ($10.6k).
Which country exports palm oil in 2021?
Exports In 2021, Bangladesh exported $5.39M in Palm Oil, making it the 63rd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 153rd most exported product in Bangladesh. The main destination of Palm Oil exports from Bangladesh are: India ($5.38M), Canada ($722), France ($548), and South Korea ($9).