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Tea up on strong demand for quality leaf

Tea prices in Bangladesh rose at the weekly auction on Tuesday on strong demand for quality leaf, although sales dropped for the large quantity of poor grade supplies on offer, brokers said. teaAt the latest auction, Bangladeshi tea fetched an average of 198.43 taka ($2.55) per kg against 196.93 taka in the previous auction held on Jan. 15, an official from National Brokers Limited said. "Buyers are ready to pay higher price for good quality tea, but higher supplies of poor grade tea pulled down overall sales v...

FGV eyes Pakistan, India, Bangladesh marts

Felda Global Ventures Holdings Bhd (FGV), the world's third largest oil palm plantation operator, is eyeing a bigger external network and to tap the Pakistan, India and Bangladesh markets this year. fgb Senior Vice-President and Acting Head of Downstream, Zakaria Arshad of the company said these countries offered tremendous business potentials, especially in exporting downstream products which FGV has to offer. "FGV is targeting markets that have few players and at the same time have big consumer spending of which most ...

Call money market robust after easing political climate

Country’s call-money market is witnessing accelerated transactions as both the lending and borrowing increased throughout the last one week thanks to the changed and improved political climate following the January 5 national election. As the demand for cash rises, the weighted average rate of interest on the overnight borrowing from the money market increased to 7.21 percent Sunday from 7.15 percent a week ago. call moneyBangladesh Bank data show that a total of Tk 6623.50 crore was transacted at the call...

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...

Dollar rallies in Asia after US jobs data sell-off

The dollar turned higher in Asia today after suffering a sell-off in the previous two sessions following an unexpectedly weak set of US jobs data. The greenback changed hands at 103.37 yen in Tokyo morning trade, up from 102.98 yen in New York Monday afternoon, but still well down from levels near 105 yen in Asia last week, reports AFP. The euro bought 141.24 yen and $1.3657, against 140.77 yen and $1.3670 in US trade. dollarThe dollar plunged the US Labor Department said Friday that the world’...

Week opens Dhaka stock with month-high turnover

Dhaka stock market started this week on Sunday maintaining the gaining streak that took the daily trade value to 30-day high of taka 619.51 crore. The previous highest daily transaction value of shares on Dhaka Stock Exchange (DSE) was taka 715.90 crore on December 12, 2013, which started declining later and hovered below 500-crore mark until Sunday. DSEThe total transaction of shares also rose to 12.82 crore at the close on Sunday, which was also the highest since December 23. DSEX, the benchmark index of DSE, had s...
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