Bangladesh is expected to import larger volumes of rice and wheat in the marketing year (MY) 2025-26 owing to rising domestic rice prices, according to a report by the US Department of Agriculture (USDA).
Bangladesh has seen an increase in import of products such as dairy, fruits driven by demand form the middle-class
Bangladesh is hopeful of an Indian guarantee of a quota ensuring the year-round import of seven essential commodities as the neighbouring country has shown interest and bilateral negotiations are progressing for signing an associated agreement.
The Bangladesh Bank is yet to take any visible measure in line with a commerce ministry directive aimed at asking banks to earmark a portion of their foreign currency holdings to open letters of credit to import essentials ahead of Ramadan.
The price we pay for the local paper takes advantage of that extra duty, and practically we are stuck with buying low quality local paper with questionable output often.
The government has extended the tenures of the Import Registration Certificate (IRC) and the Export Registration Certificate (ERC) to five years from one year.
The next stage of Bangladesh-India relations should involve long-term, innovative projects.
In an effort to keep the foreign exchange reserves stable, the Bangladesh Bank yesterday asked banks to take up to 100 per cent of import payments in advances from businesses while opening letters of credit (LCs) for luxury and non-essential items.
Price hikes despite the high yield of Boro rice totally unacceptable
The next stage of Bangladesh-India relations should involve long-term, innovative projects.
In an effort to keep the foreign exchange reserves stable, the Bangladesh Bank yesterday asked banks to take up to 100 per cent of import payments in advances from businesses while opening letters of credit (LCs) for luxury and non-essential items.
Price hikes despite the high yield of Boro rice totally unacceptable
Bangladesh Bank today instructed banks to take up to 75 per cent of payments in advance from businesses during opening of letters of credit for import of luxury and non-essential goods.
Untimely loading and unloading of containers has congested Chattogram port, the country’s premier seaport, with container vessels, which remain anchored due to the disruption.
The Bangladesh Bank today revised its policy for post import financing (PIF) in order to give clarification to banks as importers have faced complexities to get fund properly.
The Chittagong Stock Exchange (CSE) is planning to launch the country’s first commodities exchange, or futures market, this year, aiming to reduce the price difference of commodities between what consumers pay and what producers get.
Singapore-based Agrocorp International PTE Ltd has got the nod to supply 50,000 tonnes of refined sugar to the Bangladesh government.
The first consignment of rice imported from India by the Bangladesh government in an attempt to stabilise the market of the prime staple has arrived at the Mongla.
