Banking & Commodity

Edible oil recently underwent price manipulation at each of the four stages of the value chain within the country involving refiners, dealers or supply order traders, wholesale traders and retailers, according to the Directorate of National Consumers’ Right Protection. This caused prices to spiral and ultimately consumers suffered, opined AHM …

Farmers have produced an all-time record of over 25.37 lakh tonnes of potato in all five districts of Rangpur agriculture region this season and are getting better prices. Market prices of potato are better this time following a realistic step taken by the government to increase its export to Singapore, …

Bangladesh Bank will start releasing new currency notes of Tk23,000 crore in the market from April 20 through 32 branches of different scheduled banks. The central bank has already printed new notes to meet the demand ahead of holy Eid-Ul-Fitr, said Md Serajul Islam, executive director and spokesperson of the …

Commerce Minister Tipu Munshi came under fire in parliament on Tuesday from opposition lawmakers for what they said his failure to check the soaring prices of essential commodities. Participating in discussion on the Trade Organisation Bills-2022 members from Jatiya Party and BNP also blasted the government for its failure to …

Bangladesh’s consumers have increased consumption of palm and mustard oil as many of them have switched from soybean oil due to its rising prices, according to a recent report by the US Department of Agriculture (USDA). As a result of the shift, soybean oil imports and consumption are expected to …

Turning a blind eye to price rises of some essential commodities already overwhelming consumers, traders on the eve of Ramadan yesterday assured that the basic foodstuffs would not get costlier during this month of fasting. Chicken, pulses, dates and a number of spices are the latest items to undergo price …

Small and marginal potato farmers in Thakurgaon and Panchagarh districts have been left in a quandary as cold storage owners in the region are saying their spaces have been completely filled. As such, local potato growers are worried about how they will save some of the tubers for sale during …

Bangladesh Bank (BB) has asked banks to follow four new guidelines for offshore banking. The Statistic Department (SD) of BB issued the notification in this regard on Monday and sent it to the top executives of all the scheduled banks. [Offshore investment is the keeping of money in a jurisdiction …

Bangladesh’s economy has witnessed a 6.17 per cent inflation in February this year, the highest in 17 months. According to Bangladesh Bureau of Statistic (BBS) data, in February 2022, the economy faced 6.22 per cent inflation on food items that was 5.6 per cent in January. This showed that the …

Food processors in Bangladesh have either cut the size of packs or increased prices to absorb the surging cost of raw materials, handing a blow to end customers already struggling amid higher inflation. As a result, consumers are either getting less for the products whose prices have not been revised …