Commodities

Commodities

Inflation eases to single digits in January

Inflation in Bangladesh eased for the second consecutive month in January, driven by stable food prices due mainly to an abundant supply of winter vegetables to the local market.

2d ago

FAO forecasts paddy output drop amid floods, cyclone

Bangladesh’s paddy production is estimated to have declined in 2024 from the previous year, largely due to output losses caused by recurrent floods and Cyclone Remal in late July..However, aggregate paddy production in 2024 is forecast at 6.02 crore tonnes, which is well above the four-yea

4d ago

Consuming loose soybean oil for past three weeks: commerce adviser

Sk Bashir Uddin says bottled oils are unnecessarily pricier

4d ago

Market-based pricing can cut fuel prices by Tk 10-15 a litre: CPD

The existing automatic pricing formula does not reflect global markets, the think-tank says

1w ago

Aromatic rice production nearly doubles in seven years

10.23 lakh tonnes of aromatic rice was produced in FY24, up from 5.79 lakh tonnes in FY18

1w ago

Refiners shelve plan to hike edible oil prices

Edible oil refiners have withdrawn a decision to increase prices of soybean and palm oil before Ramadan. .On January 21, the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association wrote a letter to the commerce secretary, informing that they would not be increasing the

2w ago

Withdraw increased VAT, duties on processed food items: agro-processors

The Bangladesh Agro-Processors' Association submitted a memorandum to the NBR

2w ago

Suspend potato imports: cold storage owners

The NBR has allowed potato imports through nine more customs stations along with four existing ones

2w ago

BTTC for 25% duty on rice bran oil export

The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government impose a 25 percent regulatory duty on the export of crude and refined rice bran oil to discourage shipments and increase domestic supply..The suggestion comes in response to soaring cooking oil prices in

1m ago

Tariff commission suggests 25% regulatory duty on rice bran oil exports

The suggestion comes in response to soaring cooking oil prices

1m ago

Govt to buy 1.40cr litres of edible oil

The interim government will procure 1.40 crore litres of edible oil from S Alam Super Oil Ltd for sale among low-income people at subsidised rates through the Trading Corporation of Bangladesh (TCB)..The advisory council on public procurement endorsed the proposal at a meeting in Banglades

1m ago

Govt detects anomalies in TCB card distribution

There was corruption in the distribution of family cards for subsidised commodity sales by the state-owned Trading Corporation of Bangladesh (TCB), according to Commerce Adviser Sk Bashir Uddin..The TCB provides 1 crore families with subsidised food items. Of the beneficiaries, some 57 lak

1m ago

Edible oil prices up by Tk 8 per litre

The government yesterday raised the retail prices of soybean and super palm oils by Tk 8 per litre. Bottled soybean oil price was set at Tk 175, and loose soybean oil and super palm oil at Tk 157.

1m ago

Tax cuts yield limited impact on rising commodity prices: NBR chairman

Egg, sugar prices became cheaper to some extent, not other commodities, he says

1m ago

Fall in real prices of rice benefits consumers, hurts farmers

Real prices of rice have fallen in the decade from 2010 to 2020, benefiting consumers but generating lower real incomes for producers, according to a paper presented at an event in Dhaka yesterday..However, real prices of the staple food climbed in the years following the turn of the decad

2m ago

Cut import taxes on sunflower, canola oil: Tariff Commission

The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government reduce import taxes on sunflower oil and canola or rapeseed oil to offer a greater range of cooking oils in the markets..At present, crude sunflower oil importers are required to pay a total of 31 percent

2m ago

Govt to import another 50,000 tonnes of rice from India

The interim government will import another 50,000 tonnes of rice from India to increase the country’s food stocks..Finance Adviser Salehuddin Ahmed approved a proposal in this regard at a meeting of a government advisory committee on purchase at Bangladesh Secretariat yesterday..The

2m ago

277 firms allowed to import 14.81 lakh tonnes of rice

The interim government of Bangladesh has allowed 277 private entities to import 14.81 lakh tonnes of rice as it looks to contain domestic prices of the staple grain by increasing stocks..Of the total, 10.65 lakh tonnes will be boiled rice while the rest will be sunned rice, according to do

2m ago