Progresses and prospects of palm oil in Bangladesh

The advent of palm oil in Bangladesh can be termed as blessings for the country especially when its nutritional benefits, compatibility in household cooking and uses in food industries. Consumption of palm oil in Bangladesh is projected to reach about 1.4 million tonnes in 2016, a rise by 7.44 per cent compared to 2015. Palm oil has substantially contributed in fulfilling the demand of edible oil. It helped inclusion of the lower segment of the population, mostly living in rural areas, into consumer’s community. This segment of the population was earlier unable to afford adequate edible oil for their household cooking. Bangladesh has proved to be a very potential and prospective market for palm oil. Its import and consumption are steadily increasing each year.