Commerce Minister Khondakar Abdul Muktadir on Sunday assured that the government will take swift and effective measures to maintain a stable edible oil supply chain in the country, while signalling that price hikes are not on the table for now.

Chairing a meeting with leading business representatives at the Ministry of Commerce conference room, the minister said the government is closely monitoring the market situation against the backdrop of global uncertainties, particularly the ripple effects of Middle East tensions on fuel and supply chains.

“We have listened to the concerns of the business community. We will hold consultations with all relevant stakeholders and arrive at a practical and acceptable decision very soon to keep the supply chain uninterrupted,” he said.

Muktadir stressed that consumer interest remains the government's top priority, while acknowledging the importance of keeping businesses viable. “This is a sensitive time. Any market volatility in an essential commodity like edible oil causes real hardship for ordinary people. Everyone must act responsibly.”

The minister also recognised the financial pressures facing importers, warning that if businesses sustain losses and exit the market, it could have adverse consequences for the country.

He pledged to create a “comfortable” environment for traders to operate normally and ensure continued supply.

“The government is working as a team. Despite our limitations, we are making every effort to keep the market stable,” he said, urging the business community to maintain confidence in the government. He expressed hope that a concrete decision would be reached within the next day or two.

Speaking to reporters after the meeting, the minister said, “People are already anxious due to the global situation; wars and various crises. Our first priority is to ensure that no commodity prices rise during this period. We will take steps with that as our goal.”

He added that meetings with business leaders on edible oil are held regularly given its sensitivity. “If its price rises, consumers become upset. We periodically review the supply situation and import data. At this meeting, however, nothing has been decided regarding a price increase.”

Business leaders at the meeting raised concerns over rising import costs, supply chain challenges and overall market conditions, calling on the government to take a pragmatic approach.

Additional Secretary for Export at the Ministry of Commerce, Md. Abdur Rahim Khan, and other senior officials were present at the meeting alongside business sector representatives.