Jute report – June 1
VARIETY BALES FOB Narayanganj
(One bale = 180 kg) (Taka per bale)
Ready Position (in taka) Bangla white special (BW special) 12,800 Bangla white A (BWA) 12,500 Bangla white B (BWB) 11,600 Bangla white C (BWC) 10,100 Bangla white D (BWD) 9,650 Bangla white E (BWE) 9,200 Bangla tossa special (BTS) 13,100 Bangla tossa A (BTA) 13,800 Bangla tossa B (BTB) 11,900 Bangla tossa C (BTC) 10,400 Bangla tossa D (BTD) 9,950 Bangla tossa E (BTE) 9,500
WRS/TRS, HABIJABI, CUT ROPES Bangla white rejection (BWR) 8,250 Bangla white habijabi (BWH) 6,300 Bangla tossa rejection (BTR) 8,500 Bangla tossa habijabi (BTH) 6,300
Rice imports to nearly triple to record 400,000t in 2014: FAO
The UN's Food and Agriculture Organization (FAO) has estimated 2014 Bangladesh's rice imports to nearly triple to about 400,000 tons due to lower prices in international market. The FAO reports that most of the imports are by the private sector.
The FAO estimates 2014 aggregate paddy rice production from the three seasons - Aus, Aman and Boro - at 52 million tons (around 34.84 million tons basis milled), slightly above an estimated 2013 paddy rice production of 51.5 million tons (around 34.5 million tons...
The FAO estimates 2014 aggregate paddy rice production from the three seasons - Aus, Aman and Boro - at 52 million tons (around 34.84 million tons basis milled), slightly above an estimated 2013 paddy rice production of 51.5 million tons (around 34.5 million tons...
Bangladesh to sell naphtha at highest price
Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to MRI Trading in May at a premium of $1.15 a barrel to Singapore quotes on a free-on-board (FOB) basis, the highest price in more than a year and sharply up from a previous sale.
Five firms competed for the tender, which was reissued on short supply, for loading over May 28-30 from Chittagong, a BPC official said.
This was the highest bid that BPC has received since March last year.
Vitol Asia won the original tender with a premium of 12 cents a barrel, for May 10-12 loading, but the tender ...
This was the highest bid that BPC has received since March last year.
Vitol Asia won the original tender with a premium of 12 cents a barrel, for May 10-12 loading, but the tender ...
Tea prices up at start of new auction season
Tea prices in Bangladesh rose on Wednesday at the first auction of the new auction season, on the arrival of fresh and good quality leaf, brokers said.
Bangladeshi tea fetched an average of 194.27 taka ($2.50) per kg at the auction, up from 68.03 taka at the last auction of the previous season, which was extended through April from the typical close at end-March, an official from National Brokers Limited said.
Major buyers were back to the market on the arrival of fresh leaf at the first auction of the new season, the official said.
Sales volume...
Sales volume...
Sudan keen to import jute, jute goods from Bangladesh
Sudan expressed its interest to import jute, jute goods and pharmaceutical products from Bangladesh.
The non-resident Sudanese Ambassador to Bangladesh, Dr Hassan E El Talib, expressed this interest when he called on Prime Minister Sheikh Hasina at her official Ganobhaban residence here on Sunday evening.
He also requested the Prime Minister to encourage Bangladeshi investors to invest in his country in shipbreaking industry.
PM’s special assistant Mahbubul Hoque Shakil briefed reporters after the meeting, reports BSS.
Dr Talib co...
PM’s special assistant Mahbubul Hoque Shakil briefed reporters after the meeting, reports BSS.
Dr Talib co...
Weather, politics affect food markets: FAO
Weather conditions in various countries and political tensions in the Black Sea region have made food markets more volatile, FAO reports in the new Food Outlook.
In its first major forecast for 2014, FAO puts cereal production at 2 458 million tonnes (including milled rice), down some 2.4 percent from the 2013 record, though global output is still expected to be the second largest ever.
The decline is likely to be more pronounced for coarse grains. Still, inventory levels remain fairly good. Analysts say there is no cause for concern at this early stage before the main 2014/2015 seasons get underway, according to a FAO press release.
