Banking & Commodity

The price of dairy feed has climbed rapidly in recent months keeping pace with the price spiral of essential commodities, making farming costlier and raising milk production costs for the millions of farmers in Bangladesh. The animal feed has become dearer after the price of maize and soybean meal — …

Finance minister AHM Mustafa Kamal on Thursday said that the Bangladesh government had waived valued added tax from soya bean oil. He revealed the government decision after a meeting of the cabinet committee on government purchases virtually. He said VAT had withdrawn from the items needed mostly during the month …

Low and middle-income people are thronging the trucks of Trading Corporation of Bangladesh (TCB) in the capital to buy essential commodities at subsidised rates amid their skyrocketing prices. TCB has launched a month-long essentials selling program in the capital on Sunday ahead of the holy Ramadan to sell commodities at …

No refiners and wholesalers would be allowed to sell edible oil without providing a money receipt to the buyers from Friday, according to a decision of the Directorate of National Consumer Rights Protection. The decision came from a DNCRP meeting with wholesalers and retailers on Tuesday on the supply and …

Bangladesh’s current account deficit hit an all-time high of $10 billion in just the first seven months of the ongoing fiscal year due to the escalation of trade deficit and dwindling remittances. The large shortfall in the current account will only widen further because of the ongoing pressure on the …

Chilli growers in the char years under Bogura’s Sariakandi and Sonatala upazilas are disappointed as they are being forced to sell their produce at a lower price compared to last year. So, many chilli growers are switching to maize cultivation as the demand, yield and price of the crop are …

Led by a surge in vegetable oils and dairy products, global food prices soar a record high in the month of February, the Food and Agriculture Organization says. The United Nations agency’s food price index, which tracks the most globally traded food commodities, averaged 140.7 points in the last month …

The National Board of Revenue (NBR) has extended reduced tariff benefit for importing raw sugar until May 15 to enable consumers to buy the sweetening agent during the coming Ramadan month and Eid- ul-Fitr festival. Refiners will be able import raw sugar by paying 20 per cent regulatory duty (RD) …

Any fuel price hike raises the cost of everyday necessities and agricultural products and affects both food and non-food inflation since it is linked with every part of the value chain. “It also increases transport cost as well as the production and harvesting cost, hurting farmers,” said Rizwan Rahman, president …

The prices of edible oil rose further and those of onions, beef and fish increased on the kitchen markets in the capital, Dhaka, over the week ending Friday. Retailers blamed the oil refiners and wholesale traders for the rise in the prices of edible oil. They also said that the …