Edible oil market now controlled by big four

Bangladesh’s edible oil industry has consolidated into an oligopoly, with just four major companies – TK Group, City Group, S Alam Group, and Meghna Group – controlling 80% of the imported edible oil market. The change occurred as many smaller players exited due to inability to sustain losses from price volatility in the global commodities market and unhealthy competition. Experts raise concerns that the oligopolistic nature may allow the major firms to influence prices, affecting consumer interests, unless regulated effectively.