Withdraw increased VAT, duties on processed food items: agro-processors

The Bangladesh Agro-Processors' Association submitted a memorandum to the NBR
23 January 2025, 14:30 PM

Suspend potato imports: cold storage owners

The NBR has allowed potato imports through nine more customs stations along with four existing ones
23 January 2025, 13:19 PM

Potato imports facilitated despite massive price fall

The National Board of Revenue (NBR) has allowed the use of nine more customs stations for the import of potatoes, specifically from Nepal and Bhutan, aiming to diversify supply sources and reduce dependency on India..The nine stations include Rohonpur in Chapainawabganj, Sonahat in Kurigra
21 January 2025, 18:00 PM

Rules relaxed to import 3 lakh tonnes of rice

50,000 tonnes of white rice will also be purchased from Pakistan
16 January 2025, 14:56 PM

Food processors protest tax hike

They also urge govt not to raise gas prices
16 January 2025, 11:54 AM

‘We don’t have Aladdin’s lamp to suddenly lower commodity prices’

Commerce adviser says after meeting with Turkish trade minister
9 January 2025, 14:40 PM

Can Bangladesh benefit from falling commodity prices in 2025?

Bangladesh relies heavily on imports of essential food items such as edible oils, lentils, onions, sugar, and spices, which have seen a 5 percent year-on-year price increase.
29 December 2024, 12:24 PM

Falling prices become a headache for onion farmers

The growers dumped onion on Pabna-Sujanagar road demanding a fair price
26 December 2024, 13:05 PM

Joypurhat Sugar Mill starts 62nd sugarcane crushing season

This time, the mill will be operated for 34 days
21 December 2024, 13:18 PM

Poultry association cancels decision to halt production

They backtracked from the decision after the government promised to address their 10-point demand
19 December 2024, 14:07 PM

Import duty, tax on sunflower, canola oil removed

The NBR extends 5% VAT benefit until March 31 next year
16 December 2024, 15:16 PM

Oil drops from highest in weeks, focus on Fed rate cuts

Falls were limited, however, by concerns of supply disruptions in the event of more US sanctions on major suppliers Russia and Iran
16 December 2024, 08:30 AM

BTTC for 25% duty on rice bran oil export

The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government impose a 25 percent regulatory duty on the export of crude and refined rice bran oil to discourage shipments and increase domestic supply..The suggestion comes in response to soaring cooking oil prices in
12 December 2024, 18:19 PM

Tariff commission suggests 25% regulatory duty on rice bran oil exports

The suggestion comes in response to soaring cooking oil prices
12 December 2024, 11:06 AM

Govt to buy 1.40cr litres of edible oil

The interim government will procure 1.40 crore litres of edible oil from S Alam Super Oil Ltd for sale among low-income people at subsidised rates through the Trading Corporation of Bangladesh (TCB)..The advisory council on public procurement endorsed the proposal at a meeting in Banglades
11 December 2024, 18:10 PM

Govt detects anomalies in TCB card distribution

There was corruption in the distribution of family cards for subsidised commodity sales by the state-owned Trading Corporation of Bangladesh (TCB), according to Commerce Adviser Sk Bashir Uddin..The TCB provides 1 crore families with subsidised food items. Of the beneficiaries, some 57 lak
10 December 2024, 15:51 PM

Edible oil prices up by Tk 8 per litre

The government yesterday raised the retail prices of soybean and super palm oils by Tk 8 per litre. Bottled soybean oil price was set at Tk 175, and loose soybean oil and super palm oil at Tk 157.
9 December 2024, 18:21 PM

Tax cuts yield limited impact on rising commodity prices: NBR chairman

Egg, sugar prices became cheaper to some extent, not other commodities, he says
9 December 2024, 14:27 PM

Fall in real prices of rice benefits consumers, hurts farmers

Real prices of rice have fallen in the decade from 2010 to 2020, benefiting consumers but generating lower real incomes for producers, according to a paper presented at an event in Dhaka yesterday..However, real prices of the staple food climbed in the years following the turn of the decad
8 December 2024, 18:06 PM

Cut import taxes on sunflower, canola oil: Tariff Commission

The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government reduce import taxes on sunflower oil and canola or rapeseed oil to offer a greater range of cooking oils in the markets..At present, crude sunflower oil importers are required to pay a total of 31 percent
30 November 2024, 18:02 PM