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Major worry grips Indian mango traders over Bangladesh export

Mango hotspot Malda in West Bengal is expecting exceptionally high level of production this year. But the delight comes riding a major worry for post harvest stage as export option to Bangladesh, one of the largest consumption avenues, is practically closed now. mangoWest Bengal’s Malda, Murshidabad and Nadia, all these three districts put together is considered as the largest mango producing belt in eastern India, reports The Economic Times. “Against average annual yield of 6 to 7 lakh metric ton(MT), the figure may cross 10 lakh MT this year mak...

Tyre market forecast and opportunities, 2020

Research and Markets (http://www.researchandmarkets.com/research/hzbhdb/bangladesh_tyre) has announced the addition of the “Bangladesh Tyre Market Forecast and Opportunities, 2020” report to their offering. Bangladesh tyre market is projected to grow at around 9% CAGR until 2020 on account of rising automobile sales, increasing investments by foreign players, and government support in the form tyreof reduction in import duties Segment wise, two wheeler tyres dominate the market as the country’s two wheeler fleet exceeds other vehicle fleets by a significant...

Beef price shoots up

The price of beef is likely to shoot up shortly due to shortage in cow supply, say meat traders. Beef was selling at Tk 350 to Tk 370 per kg in several kitchen markets on Saturday whereas it was Tk 280 to Tk 300 three months ago. butcherThe price hike of beef has pushed up prices of other meat too. At the start of the year, broiler chicken sold at Tk 130 per kg, which now sells at Tk 160 to 165. Mutton price has shot up, too. Earlier this year, a kilogram of mutton was Tk 450. Now the price is Tk 550 to Tk 600. The chief medical office...

Little see-saw witnessed

USD/BDT showed little volatility last week as the market experienced some more import payments. The foreign exchange reserve of Bangladesh crossed USD 23 billion-mark again in last week. call moneyThe average daily inter-bank USDBDT transaction volume was about USD 37.91 million against USD 43.09 million of the preceding week. Most of the banks kept their published foreign exchange rates unchanged throughout the week. The USD/BDT selling rates for importers of major foreign and private banks was at 77.90-78.50, while USD Buying rates fro...

Tea prices dip on tepid demand amid unrest

Tea prices in Bangladesh fell sharply for a fourth week running at Tuesday's weekly auction, amid tepid demand from local buyers despite dwindling supplies amid political unrest. teaTea supplies were higher at the last auction in the current season as violence eased, but demand remained lacklustre because of the damage to business sentiment caused by the political uncertainty, an executive with National Brokers Ltd said. More than 120 people have been killed and hundreds injured as a result of anti-government protests over last year's disputed electio...

Bangladesh to import 100,000 T wheat

Bangladesh’s state grains buyer reissued two tenders on Monday to import a total of 100,000 tonnes of wheat as the country’s extensive import programme continues. wheatThe closing date for both the tenders is April 8 and shipment expected within 40 days after contract signing, a senior official of the state grains buyer said. The tenders were earlier cancelled as bidders failed to comply with terms and conditions. The state grains buyer plans to ship in 900,000 tonnes of wheat in the year to June 2015.

Source: Reuters

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