Dhaka, Mar 31 (UNB) - Commerce Minister Faruk Khan Thursday said the prices of edible oil and sugar have been significantly coming down in the local market, due to the cancellation of the delivery-order (DO) system.

According to state-owned Trading Corporation of Bangladesh (TCB), per liter price of unpacked (loose) edible oil fell by 1.88 percent and palm oil by 4.66 percent.
He was talking to reporters at the Secretariat after a meeting with a delegation led by vice governor of Chinese province of Yunnan Mi Li Jiang.

Regarding the price hike of essentials, Khan said edible oil and sugar prices have already started coming down and hoped that the price of other essentials will come down gradually.

On the outcome of the meeting, he said they had fruitful discussions, and prioritised issues like setting-up of road and rai- links with China, to boost bilateral trade between the two friendly countries.
Issues related to increasing road and river communications, the Asian Highway, setting up of deep-sea port in Bangladesh and exchange of tourists came up for discussion during the meeting.
He said China has given duty-free access of 4,700 products to its market which will strengthen trade ties between the two countries.

Asked about the import of goods from Japan, Khan said the government is very much aware of the possibility of radiation-affected food of Japan.

Bangladesh imported commodities worth $3.8 billion from China during the 2009-10 fiscal while it exported commodities worth $178 million.

Approximately 1.3 percent of total trade with China is done through Chinese province of Yunnan