Stocks sufficient, no shortage of essential commodities in Ramadan
CHATTOGRAM, Feb 24, 2023 (BSS) - The country would not face any shortage of essential commodities in the coming fasting
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CHATTOGRAM, Feb 24, 2023 (BSS) - The country would not face any shortage of essential commodities in the coming fasting
LC opening for a number of Ramadan items plunged significantly in December, January
Meghna Group of Industries (MGI) and TK Group, two major commodity processors in Bangladesh, are set to enter into the milling and marketing of rice, a move that may intensify competition but drive small operators out of the market.
The Bangladesh Bank is yet to take any visible measure in line with a commerce ministry directive aimed at asking banks to earmark a portion of their foreign currency holdings to open letters of credit to import essentials ahead of Ramadan.
Bangladesh has sought quota assurance from India to import a fixed amount of onion, lentil, sugar, garlic and ginger along with 65 lakh tonnes of rice and wheat each year to stabilise the market price of daily commodities in the country. Ministry officials believe India will agree to the proposal and the announcement will be made on Tuesday. The quota issue was discussed