Vegetables’ price increases due to political turmoil
The price of vegetables has increased by Tk10 to 15 per kg, as post poll violence, hartal and blockade affected country’s communication sector.
Though vegetables growers are not getting return of their investment due to low price, the consumers in Dhaka city pay high price to buy those. The traders say that the transport fare had been increased three times by this time.
Godown owner Suja Uddin, of Karwan Bazar has said that the truck drivers demanded Tk 60,000 on Thursday, as fare from Natore, against the normal fare of Tk25, 000.
“I have invested Tk 5,00,000 to five vegetables farmers of Natore district on condition of supplying in time. But violence over January 5 election caused a massive loss to me,” He said.
Cyprus firm awarded wheat tender at $311/T
Cyprus-based Midgulf International Ltd has won a tender to supply 50,000 tonnes of wheat to Bangladesh after submitting the lowest offer at $311 a tonne, an official at the state grains purchasing agency said on Wednesday.
The tender is part of a plan by the Directorate General of Food to import 850,000 tonnes of wheat in the financial year to June 2014, up from around 350,000 tonnes the previous year.
The price included cost, freight, insurance...
The price included cost, freight, insurance...
Commodities mostly fall in downbeat start to 2014
Commodity prices mainly fell this week in low-volume trade on the back of weak Chinese economic data, while many participants were away for an extended Christmas and New Year break.
Beijing released figures yesterday showing that growth in China’s services sector slowed sharply in December, reports AFP.
The data followed news on Wednesday and Thursday that manufacturing in the country had also suffered a slowdown in growth last month.
On the up...
On the up...
Tea shows gloom ahead of election
Tea prices in Bangladesh fell and sales dipped at a weekly auction on Tuesday ahead of elections on Jan. 5 which the main opposition has boycotted.
At the latest auction, Bangladeshi tea fetched an average of 191.64 taka ($2.50) per kg against 193.98 taka in the previous auction held on Dec. 24, an official from National Brokers Ltd said.
Nearly 2 million kg of tea was offered at the auction centre in Chittagong, with 27 percent remaining unsold. Almost the same volume was offered and 11 per...
At the latest auction, Bangladeshi tea fetched an average of 191.64 taka ($2.50) per kg against 193.98 taka in the previous auction held on Dec. 24, an official from National Brokers Ltd said.
Nearly 2 million kg of tea was offered at the auction centre in Chittagong, with 27 percent remaining unsold. Almost the same volume was offered and 11 per...
Wheat tender draws no response amid political turmoil
Bangladesh's state grains buyer said it received no bids for the import of 50,000 tonnes of wheat in an international tender that closes on Thursday amid political turmoil ahead of next month's elections.
The tender was reissued earlier this month after the winning bidder failed to supply wheat on time.
Tens of thousands of troops fanned out across Bangladesh on Thursday in a bid to stem political violence ahead of elections.
Violent protests, shutdowns and blockades over the Jan. 5 election,...
Violent protests, shutdowns and blockades over the Jan. 5 election,...
Tea prices edge up
Tea prices and sales rose at a weekly auction in Bangladesh on Tuesday after four consecutive falls which reflected opposition-led blockades over pending elections that have hampered economic activity. Violent protests, shutdowns and blockades over the January 5 election, which is being boycotted by the main opposition, have gripped the country for the two months and forced the postponement of the tea auction on December 3.
At the latest auction, Bangladeshi tea fetched an average of 193.98 tak...
At the latest auction, Bangladeshi tea fetched an average of 193.98 tak...
