- Bangladesh has become Asia’s most active spot LNG buyer as domestic gas output falls and demand rises.
- Long-term deals with Qatar and Oman cover only part of the gap, so spot imports have surged.
- Reliance on spot LNG is creating financial and energy-security risks.
Price deflation pressures Bangladesh’s RMG industry
The outlook for Bangladesh’s apparel sector in the global market remains positive, with work orders expected to rise, sustaining growth momentum into 2025. Industry insiders have indicated that buyer confidence is recovering, leading to an expansion of sourcing activities in Bangladesh, which will help maintain this upward trend.
Official data shows that the European Union's apparel imports between January and December 2024 experienced a modest 1.53% increase in value, reaching $92.56 billion. However, a substantial 8.98% rise in import volume was accompanied by a 6.83% decline in average unit prices, exerting downward pressure on major sourcing countries, including Bangladesh.Keep prices low to soothe the pious this Ramadan
As Ramadan approaches, a time traditionally marked by reflection, charity, and community, the people of Bangladesh find themselves grappling with an unsettling reality: the soaring prices of essential commodities. A report (https://bdreports24.com/ramadan-preparations-hit-by-soaring-food-prices) published in this news portal said, despite government assurances and large-scale imports, the cost of living continues to rise, leaving many consumers struggling to afford basic necessities.
