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commodity

Samsung Night View Monitor now in Bangladesh

Samsung Electronics, the global leader in consumer electronics has announced the launch of ‘Night View Monitor’ in Bangladesh. This exclusive monitor of Samsung Electronics Bangladeshhas been particularly designed for the people who studies at night.This latest monitor will not only allow users to study peacefully at night without disrupting others nearby but also will help them to keep their eyes safe. samsung monitor LEDSamsung is presenting this new monitor with multiple of distinctive features....

Dependence on India for cotton increases

Bangladesh's dependence on India for cotton is on an upward trajectory as reports suggest the country imports 49 per cent cotton from India to meet its demand for textile industry. Data by Bangladesh Textile Mills Association (BTMA) reveals that Bangladesh imported 6.10 million bale cotton in 2015 with India accounting for 49 per cent or 2.99 million bale. cottonAs per the data, at 2.99 million bale(One bale weighs 480 pounds or 218 kg) the imports grew 36 per cent year on year. In 2014 Bangladesh's imports from its neighbour ro...

Bangladesh allows jute export to Pakistan

Bangladesh has allowed export of 11,000 tons of jute to Pakistan, which was booked before exports were banned in November 2015, but shortage may still occur as Islamabad has not taken up the matter with Dhaka to get the issue resolved immediately, says a local industry official. “Pakistan Jute Mills Association will meet local demand after receiving jute consignments for which letters of credit were established before imposition of the ban on exports by the government of Bangladesh,” a spokesman for the association said in a statement on Thursday. With sufficient supply, he said, the jute industry would be in a position to meet the demand of federal and provincial governments this year.

Tea prices end 3-week climb

Tea prices in Bangladesh fell at the weekly auction on Tuesday, snapping a three-week run of gains due to higher volume of poor grades on offer, but strong demand for quality leaf capped the slide. Bangladeshi tea fetched an average 193.38 taka ($2.44) per kg at the 35th auction of this marketing season, slightly down from 193.87 taka in the previous sale, a National Brokers executive said. About 1.81 million kg were offered at the sole auction centre in the port city of Chittagong, of tea-gardenwhich 23 ...

Antidumping probe on jute goods from BD in India

After finding sufficient “prima facie” evidence of dumping of jute products, India has started a probe to ascertain if an anti-dumping duty can be imposed on such imports from Bangladesh and Nepal to save the domestic industry. The Directorate General of Anti-Dumping and Allied Duties (DGAD) has launched the investigation into imports from the two neighbouring countries on the request of Indian Jute Mills Association (IJMA). The association has filed an application “for initiation of anti-dumping investigation and jute goodsimposition of anti-du...

Gold price goes down again

The gold price has gone down again in the local market for a downward trend in the price of the precious metal in the global market. Bangladesh Jewellers’ Association in a press release on Tuesday said the price of per bhori (1 Bitcoinbhori = 11.664 grams) ornament-grade (22-carat) gold has decreased by up to Tk 1,050 and the new price would be effective from Wednesday. As per the new rate, the 22-carat gold would be sold at Tk 42,223 per bhori. Besides, 21-carat would be sold at Tk 40,124 per bhori, 18-carat at Tk 33,475 per bhori and alloy-mixed gold ...