A Research Proposal on THE INCREASING PRICE OF EDIBLE OIL

Submitted to Dr. Zakaria Rahman Professor

& Course teacher Department of Management Islamic University, Kushtia.

For Gathering Practical Experience of Business Research Course of Evening MBA Program

SUBMTTED BY:
Group: PADMA Group Members Particulars
Sl 1 2 3 4 5 6 Roll 1001050722 1001050713 1001050714 1001050732 1001050718 Name RUKSHAN ARA TANZINA AZAD SELINA AKHTER SHARMIN AKHTER MD. ARIFUDDIN RAJU RASHED ALI Signature

Course MGT: (Business Research) Session : 2010 B ISLAMIC UNIVERSITY, KUSHTIA February/March, 2012

Introduction:
Edible oils are actually (most often) plant-based oils, similar, if not the same as those produced by the industrial biotech industry for use as biofuels such as biodiesel, for use in cosmetics, and in other everyday biotech products Plant-derived edible oils consist of carboxylic acids with long hydrocarbon chains, in contrast to petroleum-based oils which lack the carboxyl group on the end. The carboxyl group is what makes the oils edible, providing a site for our enzymes to attack and break down the chain in a process called beta-oxidation. The lengths of the hydrocarbon chains and whether they are saturated or not, or unsaturated in a cis or trans conformation, determines how easily they are metabolized and how healthy or unhealthy they are as part of our diet.

Statement of the problem:

There has different kind of edible oil as, soybean oil, plum oil, olive oil rice brand oil etc. Traditionally Bangladeshi consumers are used to consume musher oil, before 60s oil intestines in Bangladesh meant only oil scud crushing units. Later on, edible oil refining units starched to setup in our counting gradually but till late 80s the growth was very slow. Since mid 90s. When the palm oil gradually became popular, more and more palm oil refining units were set up in Bangladesh which in still continuing. Bangladesh is a potential market fir essential commodities including edible oils, because of insufficient local production. A shadfly growing population that now exceed 150 million, and its improving economy. The per capital consumption of oils and fats is around 9.4 kg at present, an against 6.6kg in 2000 the edible oil market has become volatile amid singing prices of soybean and palm oil on the international market on concerns of fight Supply against a rise in demand. We observed the market of edible oil in kushtia. The situation of edible oil we gather the primary knowledge about this topic. That sellers are increasing price as their own motivation there has no government rules or control over oil market. Bangladesh government has on current policy over this situation. GM Quader only insure that all sort of information on the global market situation of edible oil have been gathered and they are now under scrutiny to control over market. Why the economic condition is so fluctuated and has no control over this situation. This is the main headaque of our economist. The present condition of edible oil market is unstable. Since the beginning of the month retail price of unpacked soybean oil rose by Tk. 7 or 7.69 percent to the 120-130 a kilogram in the city market of kushtia. Palm oil advanced by the 3 or 3.55 percent to Tk 100-120 per kg. This unstable price became the daily arising problem. Surveying report

oil

soybean

year(2011) month January-April April-August August-December December-Month(2012)

price 90-100 100-115 115-130 130-140

In our country most of the people earn their living from agriculture. Their earning level is not increasing as increasing price of food product. About 80% people is live in our country under poverty level Commerce minister h G.M Quader mention that the global economic melt down and costlier dollar responsible for sudden rise in the edible oil price When it was losing weight in various other countries including in Europe. Stable price and effective price of a product is the main key to make business profitable. Overall the economic condition of a country. Bangladesh is importing high level of edible oil. So edible oil market should stable for the economy and overall the people of our country. The normal survey report or news about edible oil is not satisfactory and government has no control over that. If international market help as to make stable market so our government also can help us otherwise the political situation overall the world is not going through peach environment. Unstable political and economical conditions made the present situation. with our combine effort of our government and world market can improve the situation of increasing price rate of edible oil and also our dealers and retailers can help us to make stable and effective our home market and our home economy.

Objectives of the report :

Broad Objective: Increasing price of edible oil is every day problem in our daily life because the rate of increasing price is not stable its became daily changing matter the broad objective of the report is to identify the reason of the unstable market of edible oil. Specific Objectives: The specific objectives of the report are 1. to identify the current position of edible oil market in Bangladesh. 2. to identify the reason of increasing price of edible oil in international market. 3. to identify the cause of this increasing price. 4. to identify the way of overcoming this situation.

Scope Of The Report

. We will visit the local market of Kushtia which will familiarize us with the environment of edible oil market price level though the area of the concentration of this report is confined in investigating different aspect of customer service and present condition of edible oil market.

Methodology:

Both primary and secondary information will be used for the study. Secondary Source: The secondary data will be collected from news letter. To clarify different conceptual matters different article will be collected from : Journals, Internet, Statistical yearbook of Bangladesh, 2001, Booklets, leaflets, brochures, financial report etc. The secondary data will be scrutinized after compiling from the sources. Primary Source: Primary data and information will be collected through observing the management personnels customer service personnels and by oral investigation of the root level executives who are very much involved in the process of service and customer relation. Most of the information will be collected from the customer by recording their answers in a structured questionnaire through mail and telephoning interview.

Data Analysis:
After collecting required data those will be tabulated and analysis with the help of statistical tools such as average, percentage, ratio analysis, etc.