Mohammad Suman

Bangladesh’s wheat market may see fresh volatility after Russia pulled out of a United Nations and Turkey-brokered deal that could turn the global grain market unstable, importers warn.

Bangladesh’s wheat market may see fresh volatility after Russia pulled out of a United Nations and Turkey-brokered deal that could turn the global grain market unstable, importers warn.

A landowner has been extracting and selling banned meat and bone meal (MBM) from a dumping station in port city, posing a serious health risk to humans.

Abul Hossain, a resident of the port city’s Hamzarbagh area, bought a cow from the Sagarika cattle market for Tk 1.30 lakh. The trader Abdul Hannan received the full amount from the digital transaction booth of city corporation sitting in the market.

Sugar prices have gone up at both wholesale and retail markets in Dhaka and Chattogram in a span of a week owing to tight supply and millers’ call for adjusting the price in line with rising global rates. 

Chattogram rawhide traders want bank loans on easy terms to recover loses after the area’s 50 percent of tanneries have been closed due to the absence of a competitive market in the port city.

The National Board of Revenue (NBR) has proposed a duty-free facility for containers carrying import and export goods in 2023-24 fiscal year.

The National Board of Revenue (NBR) has proposed withdrawing supplementary duty (SD) on 234 imported goods and regulatory duty (RD) on 191 imported goods in fiscal year 2023-24 to aid Bangladesh’s graduation from a least developed country (LDC) to a developing one by 2026.

Chattogram-based Asia Enterprise received a consignment of 59,580 kilogrammes (kg) of fresh ginger through the Cox’s Bazar’s Teknaf land port on May 12.  

The National Board of Revenue (NBR) is planning to increase the amount of tax payable for gold brought in under baggage rules in order to encourage legal import of gold and use of legal channels for remittance transfers. 

Gas supply has been suspended in Chattogram’s residential areas, filling stations, and industries for two consecutive days, causing significant sufferings to city dwellers.

International smugglers are bringing gold bars into Bangladesh through legal means and then smuggling those to India.

Sugar prices have risen at wholesale and retail markets in Dhaka and Chattogram due to an ongoing supply crunch.

Within two weeks, the price of sugar increased by Tk 20 per kg at retail.

The demand for electric fans has increased significantly in Bangladesh as the scorching summer heat has become nigh unbearable in recent times.

Exports of chemical or dangerous goods are being hampered due to a lack of minimum facilities in all inland container depots (ICDs) of the country, according to exporters. 

Sugar prices have reached a record high internationally, which has had a ripple effect on Bangladesh’s wholesale markets, including those in Dhaka and Chattogram.   

Elite Paint, one of the oldest decorative paint manufacturers in the country, brought in about three and a half tonnes of finished paint from India in cans with the ‘Product of Bangladesh’ stamp -- a move that violates the customs act and country-of-origin rules.

The Customs Intelligence and Investigation Directorate (CIID) has unearthed that four Dhaka-based apparel exporters laundered Tk 382 crore using fake documents.

Sugar prices have maintained an upward trend at both wholesale and retail levels in Bangladesh despite a record cut in import duties to keep the market stable ahead of Ramadan.