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In a first, Andhra rice reaches Tripura via Bangladesh

After diplomatic and strategic parleys that lasted for nearly three years, for the first time rice from Andhra Pradesh reached Tripura via Bangladesh Thursday, an official said. pariza rice panicleThree Bangladeshi trucks loaded with rice entered India through the Akhaura integrated check post Thursday afternoon in the presence of Food Corporation of India (FCI) and Tripura government officials. “For the first time, Bangladeshi trucks transported rice from Ashuganj port in Bangladesh directly to the FCI warehouse at Nan...

Naphtha tender gets highest bid since March 2013

Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to Vitol Asia at premiums of US$1.32 a barrel to Singapore quotes, the highest since March 2013, amid tight prompt supply, as Reuters reports. napthaVitol Asia offered the best price for the cargo among eight firms that competed for the tender, as per a BPC official. Last week state-owned BPC postponed the lifting of the cargo to Aug. 16-18 from Aug. 3-5 due to low production at its sole refinery, adding to the bullish sentiment despite the cargo size being small. The delay came at a ti...

Tea prices up on demand for good leaf

Tea prices in Bangladesh gained at the weekly auction on Tuesday due to strong demand from local buyers for quality leaf ahead of the Eid holidays and tight supplies. Bangladeshi tea fetched an average of 192.13 taka ($2.50) per kg at the auction, against 190.35 taka at the previous sale, an official at National Brokers Ltd said. teaAround 1.67 million kg was offered at the auction centre in Chittagong, with 24 percent remaining unsold. At the previous auction, nearly 1.8 million kg was offered, of which 28 percent went unsold. “There was strong de...

H2 fuel oil imports seen up 20 pct

Bangladesh Petroleum Corp (BPC) plans to import 20 percent more fuel oil in the second half of this year from the first to feed demand for power generation, a senior official from the company said on Tuesday. State-owned BPC will import about 420,000 tonnes of 180-cst high sulphur fuel oil (HSFO) in the second half, compared with 350,000 tonnes in the first half, he said. BPCA shortfall in natural gas supply has forced the South Asian country to turn to costly oil-fired power plants. Total fuel oil imports, however, will be higher as the government allowed ...

Bangladesh leather exports surpass, Pakistan in negative growth

Pakistan is the only country in the region with negative leather products export growth rate even export of Bangladesh has surpassed country’s exports. leather goodsAll the countries in the region are using imported hides/skins to boost their exports but unfortunately despite negative growth rate of Pakistan the government imposed 1 percent duty on import of hides and skins, which would further decline our exports, said Agha Saiddain Chairman regional Standing Committee on leather industry Federation of Pakistan Chambers of Commerc...

BPC to import 1.58m mt of oil products in H2 2014

State-owned Bangladesh Petroleum Corporation (BPC) plans to import around 1.58 million mt of oil products from eight term suppliers during the second half of 2014, down 31.30% from the first half, a senior BPC official told Platts Tuesday. BPC completed term negotiations with eight Asian companies last week, he said. BPCThe drastic fall in imports of 180 CST high sulfur fuel oil with up to 3% sulfur and 0.25% sulfur gasoil are behind the overall decline in the second half, the official said. BPC will import 380,000 mt of HSFO in the second half, down 27% fr...
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