Browse Tag

market

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 ...

LafargeHolcim to increase limestone production

LafargeHolcim plans to increase production of limestone from its Nongtrai mines in Meghalaya’s East Khasi Hills district, Bangladesh, from two to five million tonnes per year. The company also plans to export limestone. The company has received notice from the Meghalaya State Pollution Control Board for a Lafargepublic hearing on the expansion plan at Nontrai for excavation of limestone. In 2009, the company had applied to Union Ministry of Environment, Forests and Climate Change for environmental clearance, says a report. Meghalaya-based Lafarge Umia...

Money market today

DAILY INDICATORS Sunday Previous Taka/US $ (inter-bank) 78.21-78.22 78.19-78.20 Call money rate (inter-bank) 02.75-05.00 02.75-05.00 Dhaka Stock Exchange index 4,443.15 4,502.16 MONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Sept. 6.24 6.17 Bangladesh_Garment_MoneyM2 supply (bln taka) (BB) August 8,053.78 8,047.68 Forex reserves ($bln)(BB) Oct. 27.06 26.38 Exports(FOB) ($mln)(BB) Sept. 2,374.65 3,054.07 Imports(FOB) ($mln)(BB) August 3,226.00 3,767.00 -----------------...

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...

Bangladesh imports US corn

In a historic turn of events, Bangladesh recently purchased almost 100,000 metric tons (3.9 million bushels) of U.S. corn, the largest quantity purchased by the country since 1989 when the U.S. Department of Agriculture’s (USDA’s) Global Agricultural Trade System (GATS) first began recording sales. These sales are directly attributable to U.S. Grains Council (USGC) programming and educational activities to inform Bangladeshi buyers of the current market situation. The Council has been very active and engaged in Bangladesh for the past two years, including bringing a strong bd-us...
            </div><!-- .entry-content -->

</article><!-- #post-## -->

<div class=