How Bangladesh can achieve edible oil self-sufficiency with local alternatives

"Bangladesh has a huge potential for rice bran oil," said Afzal Hossain, managing director of Emerald Oil, the first rice bran oil producer in Bangladesh which marketed its product under the brand name "Spondon". "It is possible to increase the production of oil fast if the crises of raw materials and gas can be overcome with a proper plan." Mentioning that many companies, including Emerald Oil, had halted their production due to the crises, he told The Business Standard that government support with uninterrupted gas supply could revive the sector. "Shortage of quality rice bran is the key barrier, for which we have to keep our production stopped for a long time every year," said Subhash Kundu, general manager of Jamuna Agro Products Limited. Potential of mustard, sunflower, and perilla oil An India-based commodity market research firm - ordMordor Intelligence - recently conducted two studies on mustard oil markets, in which it was noted that Bangladesh has been witnessing decent ...