Commodities
Potato prices jump as supplies shrink
Consumers in Bangladesh have been paying more for potatoes over the past week, with supplies of the tuber harvested in the previous season running low as the new season approaches..Additionally, the high profiteering tendency among a section of people in the supply chain is dealing a furth
India eyes record rice production in 2024-25 monsoon
Indian agriculture ministry estimates producing 119.93 million tonnes of rice
Completely lift import duty on onion: BTTC
In the face of rising prices of onions, the Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government allow zero-duty entry of the kitchen staple to cut import costs and stabilise domestic prices. .Prices of the bulb surged to as high as Tk 150 per kilogramme earlie
BTTC wants duty free rice imports
The Bangladesh Trade and Tariff Commission (BTTC) has requested the government to temporarily withdraw import duty on rice to increase the supply and, in turn, contain the price of this staple food in the local markets.
Edible oil prices rise in spite of VAT cut
Consumers in Bangladesh saw no drop in soybean and palm oil prices over the past week even though the National Board of Revenue (NBR) has reduced an import VAT from 15 percent to 10 percent.
Onion price rises on supply crunch
Onion prices at retail markets in Dhaka rose by Tk 10 to Tk 15 per kg over the past week, deepening the woes of low and fixed-income people
Hilsha hunters hit by 22-day ban seek increased govt assistance
Each fisherman will get 25 kgs of rice under the VGF scheme during the ban beginning on October 13
India eases rice export curbs further
The Modi-administration withdraws the minimum export price of $490 per tonne on overseas shipments of non-basmati white rice
SMEs hit hard by August floods need govt assistance to survive
Most SMEs lost all of their belongings and now seek government assistance
Spiralling seed prices shock potato farmers
Dhiraj Roy, a farmer from Maljhar village in Biral upazila of Dinajpur, is reconsidering plans to cultivate early varieties of potatoes on his 50-decimal plot of land as the rising cost of seeds and agricultural inputs is straining his limited budget.."Each kilogramme (kg) of Çhalisa varie
NBR slashes import duty on rice
Bangladesh has drastically reduced the import tariff on rice in order to encourage imports of the staple grain and increase its supply in local markets.
Specific duty for refined sugar imports slashed by 25%
The specific duty would be Tk 4,500 a tonne
NBR drastically cuts import duty on eggs
Duty has been brought down from 25% to 5%, which would reduce import costs by Tk 13.8 a dozen
Govt’s food distribution slides 14% in first quarter
Government's food distribution under various social protection schemes declined 14 percent year-on-year in the first quarter of fiscal year (FY) 2024-25, mainly because of reduced transfer of grains under the Food for Work (FFW) and Food Friendly Programme (FFP).
Egg price surge: what's driving the soaring costs?
Several economic theories help explain the current scenario.
Low-income people bear the brunt in Sylhet division
Sadek Mia, a daily wage earner who came to Moulvibazar six months back in search of work, has been finding it hard to bear his living expenses and send money to his family members in Sunamganj Sadar upazila.
Veggie, fish, rice prices skyrocket in Bagerhat
The prices of essential and grocery commodities have skyrocketed in Bagerhat amid supply crunch..Green chilli, priced at Tk 180-220 per kilogramme just a week ago, is now being sold at Tk 600 per kg