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Tea prices up as local demand outstrips supply

Tea prices in Bangladesh were higher at the weekly auction on Tuesday as larger supplies were offset by strong demand from local buyers. Bangladeshi tea fetched an average of 181.34 taka ($2.33) per kg at the auction against 176.73 taka at the previous sales, an official at National Brokers Limited said. teaAround 1.8 million kg was offered at the sole auction centre in Chittagong, and nearly 27 percent remained unsold. At the previous auction, nearly 1.58 million kg was offered, of which 43 percent went unsold. The latest offering was the largest ...

Tea prices up as demand offsets supply

Tea prices in Bangladesh rose at a weekly auction on Tuesday as higher supplies were offset by strong demand from local buyers, brokers said. Bangladeshi tea fetched an average of 176.09 taka ($2.3) per kg at the auction against 174.76 taka at the previous sales, an official at National Brokers Limited said. Major buyers were back at the market on arrival of fresh leaf as the new season started on May 14, the official said. Around 1.5 million kg was offered at the sole auction centre in Chittagong, and nearly 29 percent remained unsold. At the previous auction, nearly 1.3 million kg was offered, of which 29 percent went unsold.

Rice import value surges fifteen fold in FY 2013-14

Bangladesh's rice import value has increased to around $284.72 million in the first ten months of FY 2013-14 (July 2013 - April 2014), up about 15.47 times or about 1,447% from around $18.41 million during the same period in FY 2012-13, based on the latest letter of credit (LC) data released by the Bangladesh Bank (BB). pariza rice panicleA BB official told local media sources that fall in global rice prices, simultaneous surge in domestic rice prices and appreciation of the local currency against the dollar are the key dr...

Grain imports likely to rise 22 pc in 2014/15

Bangladesh's grain imports are likely to rise 22 percent to 1.1 million tonnes in the financial year beginning in July, the head of the state grains buyer said on Wednesday. TCB The state grains purchasing agency will import 900,000 tonnes of wheat and 200,000 tonnes of rice in the 2014/15 year to ensure food security, said Ahmed Hossain Khan at the Directorate General of Food. In addition, the government will procure 1.5 million tonnes of rice locally. "This target has been set for the coming fiscal year but it may be changed depending on the food situatio...

Jute report – June 1

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 WRS/TRS, HABIJABI, CUT ROPES Bangla white rejection (BWR) 8,250 Bangla white habijabi (BWH) 6,300 Bangla tossa rejection (BTR) 8,500 Bangla tossa habijabi (BTH) 6,300

Rice imports to nearly triple to record 400,000t in 2014: FAO

The UN's Food and Agriculture Organization (FAO) has estimated 2014 Bangladesh's rice imports to nearly triple to about 400,000 tons due to lower prices in international market. The FAO reports that most of the imports are by the private sector. pariza rice panicleThe FAO estimates 2014 aggregate paddy rice production from the three seasons - Aus, Aman and Boro - at 52 million tons (around 34.84 million tons basis milled), slightly above an estimated 2013 paddy rice production of 51.5 million tons (around 34.5 million tons...
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