Browse Category

Commodity

Tea prices dip for second week

Tea prices in Bangladesh slipped for a second straight week at a weekly auction on Tuesday as demand from local buyers was poor amid political violence, brokers said. The average price of Bangladeshi tea was 200.04 taka ($2.74) per kg against 213.25 taka in the previous auction on Nov. 19, an official from National Brokers Ltd said on Wednesday. teaNearly 2.4 million kg of tea was offered at the country’s sole auction centre in Chittagong, with about 21 percent remaining unsold, compared with more than 2.4 million...

Rice, wheat prices mark rise

The retail and wholesale prices of coarse rice have marked a rise by 23.9 percent and 37.8 percent respectively in the city markets in the first half of November compared to the prices one year back. rice-priThe latest issue of the Fortnightly Foodgrain Outlook, a publication of the National Food Policy Capacity Strengthening Programme, said the retail and wholesale prices of one kilogram of coarse rice (Swarna) stood at Tk 35.50 and Tk 33.50 respectively in city markets in mid-November, reports UNB. The prices are 2.9 percent and 2.3 percent higher t...

Tender issued to import 50,000 T wheat

Bangladesh has issued an international tender to buy 50,000 tonnes of wheat, the latest in a series of tenders as the country looks to replenish reserves, a procurement official said on Monday. The imports are part of a plan by the Directorate General of Food, the state agency, to ship in 850,000 tonnes of wheat in the current financial year, up from around 350,000 tonnes the previous year, Reuters reports. wheatThe deadline to submit offers under the latest tender is Dec. 5, with validity up to Dec. 15, and the wheat is to be shipped within 40 days of sign...

Call money market hit by political uncertainty

Political uncertainty and slower economic growth have affected the call money market like many other sectors, Bangladesh Bank data shows. The call money rate, which banks and non-banks borrow and lend for short-term needs, went as low as 5.5 percent. To cash in on the situation, some banks have stepped in to raise funds. Total turnover for the last seven working days stood at Tk 54,770 crore, averaging Tk 7,824 crore a day. call moneyBB statistics show state-owned banks (SoBs), foreign and new banks were lenders in the call money market ...

Indian co wins tender to supply 50,000t wheat

India's Amira Foods has won a tender to supply 50,000 tonnes of wheat to Bangladesh after submitting the lowest offer at $314.60 a tonne, an official of the state grains purchasing agency said on Wednesday. This was the highest price the agency has paid in tenders since the start of July. The price included cost, freight, insurance and other port-related expenses. The tender is part of a plan by the Directorate General of Food to import 850,000 tonnes of wheat in the financial year through June 2014, up from around 350,000 tonnes the previous year. amira...

Tea prices snap 4-weeks of gains on higher supplies

Tea prices in Bangladesh slipped at a weekly auction on Tuesday, snapping a four-week run of gains, as this season’s highest volume on offer offset demand from local buyers for the winter season, brokers said. teaThe average price of Bangladeshi tea was 206.36 taka ($2.65) per kg against 213.25 taka in the previous auction held on Nov.  13, an official from National Brokers Ltd said. More than 2.4 million kg of tea was offered at the country’s sole auction centre in Chittagong, with nearly 22 percent remaining unsold, compared with 2.3 million kg offe...
Verified by MonsterInsights