Browse Category

Commodity

Traders buy 150,000t wheat from Indian

Three traders in Bangladesh have bought 150,000 tonnes of wheat from neighbouring India at prices ranging from $302 to $305 a tonne, including cost of delivery to Chittagong port, two sources said on Wednesday. wheatBangladesh has turned to India for wheat supplies since New Delhi lifted a ban on exports in 2011. Separately, Bangladesh's state grains buyer has received the lowest offer from Glencore of $303 a tonne, including freight, insurance and other expenses, in a tender that opened on Tuesday. Bangladeshi tr...

Tea prices slip at weekly auction

Tea prices in Bangladesh slipped at the weekly auction on Tuesday as the volumes offered were the highest of the season so far, including a larger quantity of poor grade leaf, brokers said. Bangladeshi tea fetched an average of 194.14 taka ($2.50) per kg against 198.43 taka in the previous auction held on January 21, an official from National Brokers Limited said. teaAround 2.7 milli...

Bangladesh intends to buy cotton from Kyrgyzstan

Bangladesh has intended to buy cotton from Kyrgyzstan, Mosud Mannan, Extraordinary and Plenipotentiary Ambassador of Bangladesh to Kyrgyzstan with residence in Tashkent, said while presenting his credentials to the President of the Kyrgyz Republic Almazbek Atambayev. “Kyrgyzstan is a producer of cotton, and Bangladesh is the second-largest clothing producer in the world, next to China.  Therefore, Bangladesh has a large demand for high quality cotton, and we hope to develop our business relationship in this direction,” Mannan said. cotton-boll

TCB issues tender to buy 1,500t of lentils

 Trading Corporation of Bangladesh (TCB) has floated a tender to import 1,500 tonnes of lentils as part of efforts to secure food supplies for the Muslim fasting month of Ramadan, a senior official at the state buyer said on Thursday. The last date for submission of bids is Feb. 18, and the lentils are to be shipped within 45 days from the opening of the letter of credit on the purchase, the official said. lentilsThe state buyer has moved to import other items a...

Tea up on strong demand for quality leaf

Tea prices in Bangladesh rose at the weekly auction on Tuesday on strong demand for quality leaf, although sales dropped for the large quantity of poor grade supplies on offer, brokers said. teaAt the latest auction, Bangladeshi tea fetched an average of 198.43 taka ($2.55) per kg against 196.93 taka in the previous auction held on Jan. 15, an official from National Brokers Limited said. "Buyers are ready to pay higher price for good quality tea, but higher supplies of poor grade tea pulled down overall sales v...

Call money market robust after easing political climate

Country’s call-money market is witnessing accelerated transactions as both the lending and borrowing increased throughout the last one week thanks to the changed and improved political climate following the January 5 national election. As the demand for cash rises, the weighted average rate of interest on the overnight borrowing from the money market increased to 7.21 percent Sunday from 7.15 percent a week ago. call moneyBangladesh Bank data show that a total of Tk 6623.50 crore was transacted at the call...
Verified by MonsterInsights