Bangladesh: In this South Asian country, the market share of palm oil continues to grow compared to other vegetable oils

As a country in the South Asian region, the food processing industry in Bangladesh continues to grow in line with the rate of economic growth. ADVERTISEMENT In fact, according to the World Bank, in times of global economic uncertainty, Bangladesh has a proven track record of strong growth and development. Production of the food and beverage industry has grown stronger than overall economic growth. Also Read: Collaboration of Lancang Kuning Earth Education Personnel Prevents Covert Negative Palm Oil Campaigns According to Azriyah Azian's records from the Malaysian Palm Oil Council (MPOC), in 2022, total imports of vegetable oil in Bangladesh increased by 2,930 tons, or an increase of 2.18%, so that it reached a total of 2.93 million tons. Vegetable oils, such as palm oil and other vegetable oils, such as soybean and sunflower oil, are widely used in the food industry in Bangladesh. MPOC data noted that in 2022, imports of palm oil in Bangladesh increased by 6.10% YoY to 1.511 ...