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Bangladesh jute report – Jan 16

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 juteWRS/TRS, HABIJABI, CUT ROPES Bangla white rejection (BWR) 8,250 Bangla whi...

Vegetables’ price increases due to political turmoil

The price of vegetables has increased by Tk10 to 15 per kg, as post poll violence, hartal and blockade affected country’s communication sector. Though vegetables growers are not getting return of their investment due to low price, the consumers in Dhaka city pay high price to buy those.  The traders say that the transport fare had been increased three times by this time. Godown owner Suja Uddin, of Karwan Bazar has said that the truck drivers demanded Tk 60,000 on Thursday, as fare from Natore, against the normal fare of Tk25, 000. “I have invested Tk 5,00,000 to five vegetables farmers of Natore district on condition of supplying in time. But violence over January 5 election caused a massive loss to me,” He said.

Cyprus firm awarded wheat tender at $311/T

Cyprus-based Midgulf International Ltd has won a tender to supply 50,000 tonnes of wheat to Bangladesh after submitting the lowest offer at $311 a tonne, an official at the state grains purchasing agency said on Wednesday. The tender is part of a plan by the Directorate General of Food to import 850,000 tonnes of wheat in the financial year to June 2014, up from around 350,000 tonnes the previous year. wheatThe price included cost, freight, insurance...

Commodities mostly fall in downbeat start to 2014

Commodity prices mainly fell this week in low-volume trade on the back of weak Chinese economic data, while many participants were away for an extended Christmas and New Year break. Beijing released figures yesterday showing that growth in China’s services sector slowed sharply in December, reports AFP. The data followed news on Wednesday and Thursday that manufacturing in the country had also suffered a slowdown in growth last month. commodities_moneyOn the up...

Tea shows gloom ahead of election

Tea prices in Bangladesh fell and sales dipped at a weekly auction on Tuesday ahead of elections on Jan. 5 which the main opposition has boycotted. teaAt the latest auction, Bangladeshi tea fetched an average of 191.64 taka ($2.50) per kg against 193.98 taka in the previous auction held on Dec. 24, an official from National Brokers Ltd said. Nearly 2 million kg of tea was offered at the auction centre in Chittagong, with 27 percent remaining unsold. Almost the same volume was offered and 11 per...

Wheat tender draws no response amid political turmoil

Bangladesh's state grains buyer said it received no bids for the import of 50,000 tonnes of wheat in an international tender that closes on Thursday amid political turmoil ahead of next month's elections. The tender was reissued earlier this month after the winning bidder failed to supply wheat on time. Tens of thousands of troops fanned out across Bangladesh on Thursday in a bid to stem political violence ahead of elections. wheatViolent protests, shutdowns and blockades over the Jan. 5 election,...
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