Sukanta Halder

Bangladesh Competition Commission yesterday lodges complaints against 10 poultry firms and poultry-related organisations for manipulating the egg market in collusion with each other to send egg prices skyrocketing.

The government should facilitate local motorcycle manufacturers in various ways to grab a share of the international export market, said Hafizur Rahman Khan, president of the Bangladesh Automobiles Assemblers and Manufacturers Association, yesterday. 

The jewellery industry has apparently remained largely dependent on unauthorised channels for sourcing gold although there is no direct government bar on importing the precious metal. 

Bangladesh’s egg market used to be largely ruled by thousands of small retailers and wholesalers, but the composition of sellers has been changing for the past several years with the emergence of large corporates and poultry industry giants.

Teetering on the verge of a crisis, Jamuna Life Insurance Company Limited has been prescribed some remedies by the insurance regulator, including preparation of a business action plan at the earliest for the next three years. 

It was in 2007 when one of the country’s largest tea-producing companies, Consolidated Tea and Lands Company (Bangladesh) Limited, initiated a long-term plan to increase tea production. 

International market prices of poultry feed ingredients had dropped in the second quarter of this calendar year, yet locally produced feed has turned anything but cheap. 

Onion prices at wholesale and retail markets in Bangladesh rose overnight yesterday after India imposed a 40 percent duty on exports of the bulb.

Although Bangladesh produces enough onion, a significant portion is imported each year to meet domestic demand

The government should have facilitated egg imports for a certain period because of the recent abnormal price hike for the low-cost source of protein, according to Ghulam Rahman, president of the Consumers Association of Bangladesh (CAB).

The insurance regulator of Bangladesh has finalised a framework enabling tech startups to innovate insurance policies, their distribution and other related tasks.

The jump in consumption of tea, once a preserve of the elite, brought about by the rise in people’s purchasing power over the past decade has presented tea garden owners with a renewed and compelling business case.

The claim settlement ratio of non-life insurance companies in Bangladesh slipped in 2022 due a liquidity crisis, reduced investment and lower returns on investment, according to industry people.

A dozen eggs now cost the same as 1kg broiler chicken

The price of eggs has gone up by as much as Tk 15 per dozen in retail markets, forcing consumers who are already overburdened with high inflation to spend more to avail the low-cost source of protein.

While the Department of Livestock Services (DLS) estimates a surplus of meat production in the country, prices of all – be it chicken meat, mutton or beef -- have risen, raising questions about the authenticity of production and demand estimates. 

Beef is still selling at the going market rate of Tk 750 to Tk 800 per kilogramme (kg) in Dhaka even though the Bangladesh Dairy Farmers’ Association (BDFA) recently reduced the price by Tk 50.

The government should lay emphasis on the electricity transmission and distribution system to ensure uninterrupted supply, said Mahbubul Alam, the newly elected president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). 

Beef is still selling at the going market rate of Tk 750 to Tk 800 per kg in Dhaka even though the Bangladesh Dairy Farmers’ Association (BDFA) recently reduced the price by Tk 50

People in Bangladesh are becoming increasingly inclined towards silver jewellery as they are more affordable than gold or platinum ornaments, especially amid the ongoing inflationary pressure, according to various traders.