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Russia wants the West to ease restrictions on state agriculture lender Rosselkhozbank to facilitate Russian grain exports, according to four sources familiar with the request, made during talks to extend a deal on food shipments from Ukraine. Moscow suspended its participation in the secure Black Sea grain corridor in late …

Md Shafiqul Islam, a potato trader in Dinajpur, kept around 2,000 bags of potatoes in cold storage this year in hopes of recovering his losses from the previous season. However, he now finds himself deeper in the hole as current market prices for the spud have dipped below the previous …

The Bangladesh Bank has decided to raise the interest rate on consumer loans to 12 per cent from 9 per cent after economists have long called for the withdrawal of the cap on all loans to contain inflation. As per a central bank instruction aimed at supporting the fast-growing economy, …

Bangladesh’s current account deficit has widened further due to a fall in export earnings and inward remittances, creating more pressure on foreign exchange reserves. Bangladesh Bank (BB) data showed that September’s deficit was $3.6 billion, almost twice as much as August’s $1.5 billion. A current account deficit indicates that a …

The country may see a bumper production in the current Aman season that will add a large quantity of the staple grain to the national food basket. Aman harvest has already begun across the country. Its production has been projected to increase 13 lakh tonnes more than the previous year’s. …

However, the price of hilsa witnessed a slight rise in the city kitchen markets and fish markets despite supply of the delicious fish to the markets improved on the day. Some vegetables like red tomato, cucumber, bitter gourd also got pricier at the kitchen markets. Prices of major vegetables, namely …

Soybean oil price may go up as Bangladesh Tariff Commission is considering proposal for hiking edible oil price due to higher production costs. Bangladesh Vegetable Oil Refiners and Banaspati Manufacturers Association, the association of owners of edible oil refining and marketing companies, has submitted a proposal to raise soybean oil …

Just a month before the Group of Seven rich countries plan to cap the price of Russian oil, officials are racing to finalize details, leaving traders, shippers and insurers with questions about the price level and how it will work. Officials from the United States and its G7 allies plan …

The cabinet committee on government purchase (CCGP) yesterday gave the nod to buy 115,000 tonnes of fertiliser from two Middle Eastern countries to increase fertiliser stock for producing crops in the coming seasons. Of the amount, the UAE-based Fertiglobe Distribution Ltd, will supply 60,000 tonnes of granular urea at $626.67 …

After posting an increase two weeks earlier, wheat prices declined by 8 per cent globally in October, driving the decline in the cereal price index, according to the World Bank’s Food Security Update. Wheat prices, however, were 17 per cent higher last month than in October last year. Worldwide, food …