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Textile chemicals market forecast and opportunities, 2019

The textile chemicals market in Bangladesh is projected to grow at a CAGR of 6.9% during 2014-19, according to the recent announcement by Research and Markets’ in the addition of the "Bangladesh Textile Chemicals Market Forecast and Opportunities, 2019". textile chemicalThe country is witnessing significant investments in the textile market from all across the globe, primarily from China and India. The textile chemicals market is expected to witness healthy growth due to continuously increasing demand for Bangladeshi textiles and readyma...

BPC concludes fuel term deals at unchanged premiums

State-owned Bangladesh Petroleum Corporation (BPC) has concluded second-half 2014 term negotiations with eight companies for oil products at mostly unchanged current premiums, a senior BPC official said on Sunday. Premiums will be unchanged for all oil products other than fuel oil, said the official with the direct knowledge of the matter. BPCBPC finalised its gasoil contract for the second half of 2014 at a premium of $4.80 per barrel over Middle East quotes, while the term contract for jet fuel was fixed at a premium of $5.80 per barrel, unchanged from Janua...

Tea prices up as local demand outstrips supply

Tea prices in Bangladesh were higher at the weekly auction on Tuesday as larger supplies were offset by strong demand from local buyers. Bangladeshi tea fetched an average of 181.34 taka ($2.33) per kg at the auction against 176.73 taka at the previous sales, an official at National Brokers Limited said. teaAround 1.8 million kg was offered at the sole auction centre in Chittagong, and nearly 27 percent remained unsold. At the previous auction, nearly 1.58 million kg was offered, of which 43 percent went unsold. The latest offering was the largest ...

Tea prices up as demand offsets supply

Tea prices in Bangladesh rose at a weekly auction on Tuesday as higher supplies were offset by strong demand from local buyers, brokers said. Bangladeshi tea fetched an average of 176.09 taka ($2.3) per kg at the auction against 174.76 taka at the previous sales, an official at National Brokers Limited said. Major buyers were back at the market on arrival of fresh leaf as the new season started on May 14, the official said. Around 1.5 million kg was offered at the sole auction centre in Chittagong, and nearly 29 percent remained unsold. At the previous auction, nearly 1.3 million kg was offered, of which 29 percent went unsold.

Rice import value surges fifteen fold in FY 2013-14

Bangladesh's rice import value has increased to around $284.72 million in the first ten months of FY 2013-14 (July 2013 - April 2014), up about 15.47 times or about 1,447% from around $18.41 million during the same period in FY 2012-13, based on the latest letter of credit (LC) data released by the Bangladesh Bank (BB). pariza rice panicleA BB official told local media sources that fall in global rice prices, simultaneous surge in domestic rice prices and appreciation of the local currency against the dollar are the key dr...

Grain imports likely to rise 22 pc in 2014/15

Bangladesh's grain imports are likely to rise 22 percent to 1.1 million tonnes in the financial year beginning in July, the head of the state grains buyer said on Wednesday. TCB The state grains purchasing agency will import 900,000 tonnes of wheat and 200,000 tonnes of rice in the 2014/15 year to ensure food security, said Ahmed Hossain Khan at the Directorate General of Food. In addition, the government will procure 1.5 million tonnes of rice locally. "This target has been set for the coming fiscal year but it may be changed depending on the food situatio...
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