Commodities

Commodities

Build warehouse for US soybean to reduce bilateral trade gap

Bangladeshi traders say at global summit in Sri Lanka

1w ago

Bangladesh launches ‘Soy Month’ to promote protein awareness

The Bangladesh Poultry Industries Central Council (BPICC), in collaboration with the US Soybean Export Council (USSEC), has launched the first-ever “Soy Month” to raise public awareness of soybean’s nutritional, agricultural, and economic significance..The initiative was inaugurated at the

2w ago

Even 5-storey building owner had TCB card before August 5 uprising: commerce adviser

There were loopholes in TCB cardholder selection, Sk Bashir Uddin says at ‘Trade with TCB’ event

3w ago

Govt to import two LNG cargoes, 50,000 tonnes of rice

The non-Basmati rice will be procured from Indian company

1m ago

First bird flu case since 2018 detected

The authorities have detected a bird flu case at a government poultry farm in Jashore -- the first in Bangladesh since 2018 -- raising concerns among farmers.

1m ago

Agri-loan disbursement falls, recovery rises

Agricultural loan disbursement declined, but recovery increased in Bangladesh in the six months to December last year compared to the same period of the previous year.

2m ago

NBR halves source tax on imported fresh fruits

The tax will now be 5% from the earlier 10%

2m ago

How a key ingredient in Coca-Cola, M&M's is smuggled from war-torn Sudan

Sudan produces around 80 percent of the world's gum arabic, a natural substance harvested from acacia trees that's widely used in mass-market products including L'Oreal, lipsticks and Nestle, petfood

2m ago

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

The suggestion comes in response to soaring cooking oil prices

5m 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

5m 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

5m 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.

5m 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

5m 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

5m 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

5m 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

5m 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

5m ago

Finance adviser dissatisfied over unstable commodity prices despite duty cuts

Salehuddin Ahmed attends Palli Karma-Sahayak Foundation’s 34th founding anniversary

6m ago