- 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.
Vegetable, fish markets stabilise, green chili prices remain high
The vegetable and fish markets in Dhaka have remained stable this week, with prices of essential goods holding steady due to an increase in supply. However, the price of green chili continues to soar, selling at BDT 320 per kilogram, the same as last week. According to local traders, the high prices are due to limited supply.
During a visit to the Shewrapara and Taltola markets in the capital on Friday (August 16), it was observed that while vegetable and fish prices remained unchanged, the cost of green chilies continued to be a significant burden for consumers. Many vendors have reportedly stopped selling green chilies due to the steep prices, as low supply continues to drive up costs.
Stable Vegetable Prices Amid Green Chili Price Surge
Mirpur Shewrapara veget...
