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Tea prices up on demand for good leaf

Tea prices in Bangladesh gained at the weekly auction on Tuesday due to strong demand from local buyers for quality leaf ahead of the Eid holidays and tight supplies. Bangladeshi tea fetched an average of 192.13 taka ($2.50) per kg at the auction, against 190.35 taka at the previous sale, an official at National Brokers Ltd said. teaAround 1.67 million kg was offered at the auction centre in Chittagong, with 24 percent remaining unsold. At the previous auction, nearly 1.8 million kg was offered, of which 28 percent went unsold. “There was strong de...

H2 fuel oil imports seen up 20 pct

Bangladesh Petroleum Corp (BPC) plans to import 20 percent more fuel oil in the second half of this year from the first to feed demand for power generation, a senior official from the company said on Tuesday. State-owned BPC will import about 420,000 tonnes of 180-cst high sulphur fuel oil (HSFO) in the second half, compared with 350,000 tonnes in the first half, he said. BPCA shortfall in natural gas supply has forced the South Asian country to turn to costly oil-fired power plants. Total fuel oil imports, however, will be higher as the government allowed ...

Bangladesh leather exports surpass, Pakistan in negative growth

Pakistan is the only country in the region with negative leather products export growth rate even export of Bangladesh has surpassed country’s exports. leather goodsAll the countries in the region are using imported hides/skins to boost their exports but unfortunately despite negative growth rate of Pakistan the government imposed 1 percent duty on import of hides and skins, which would further decline our exports, said Agha Saiddain Chairman regional Standing Committee on leather industry Federation of Pakistan Chambers of Commerc...

BPC to import 1.58m mt of oil products in H2 2014

State-owned Bangladesh Petroleum Corporation (BPC) plans to import around 1.58 million mt of oil products from eight term suppliers during the second half of 2014, down 31.30% from the first half, a senior BPC official told Platts Tuesday. BPC completed term negotiations with eight Asian companies last week, he said. BPCThe drastic fall in imports of 180 CST high sulfur fuel oil with up to 3% sulfur and 0.25% sulfur gasoil are behind the overall decline in the second half, the official said. BPC will import 380,000 mt of HSFO in the second half, down 27% fr...

Textile chemicals market forecast and opportunities, 2019

The textile chemicals market in Bangladesh is projected to grow at a CAGR of 6.9% during 2014-19, according to the recent announcement by Research and Markets’ in the addition of the "Bangladesh Textile Chemicals Market Forecast and Opportunities, 2019". textile chemicalThe country is witnessing significant investments in the textile market from all across the globe, primarily from China and India. The textile chemicals market is expected to witness healthy growth due to continuously increasing demand for Bangladeshi textiles and readyma...

BPC concludes fuel term deals at unchanged premiums

State-owned Bangladesh Petroleum Corporation (BPC) has concluded second-half 2014 term negotiations with eight companies for oil products at mostly unchanged current premiums, a senior BPC official said on Sunday. Premiums will be unchanged for all oil products other than fuel oil, said the official with the direct knowledge of the matter. BPCBPC finalised its gasoil contract for the second half of 2014 at a premium of $4.80 per barrel over Middle East quotes, while the term contract for jet fuel was fixed at a premium of $5.80 per barrel, unchanged from Janua...
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