Inside Trade

Bangladesh gets offers in 50,000t wheat purchase tender

Publish: 09:31 AM, 09 Dec, 2021


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Bangladesh's state grains buyer received the lowest price offer assessed at $404.11 a tonne CIF liner out in an international tender to purchase and import 50,000 tonnes of wheat which closed on Wednesday, European traders said.

No purchase has yet been reported and the offers are still being considered, they said.

The lowest offer was believed to have been submitted by the Indian trading house Bagadiya Brothers.

Traders reported three other offers in the tender. Aston offered an estimated $432.00, Agrocorp $430.38, and GTCS $425.00 all per tonne CIF liner out.

Liner out costs includes ship unloading costs for the wheat seller.

Bangladesh has issued a series of wheat and rice tenders in recent months. The country has been importing grains to shore up reserves after extreme weather from floods to heatwaves damaged crops.

Shipment in the tender is sought 40 days after the date of contract signing. The wheat can be sourced from any worldwide origin except Israel and is sought for shipment to two ports, Chattogram and Mongla.



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Inside Trade

TCB suspends sale of soybean oil at Tk 110

Publish: 09:45 AM, 16 May, 2022


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The government's marketing agency, Trading Corporation of Bangladesh (TCB), has suspended the sale of bottled soybean oil at Tk 110 per liter from Monday (May 16).

The company has issued a special notification on Sunday (May 15) at 9:33 pm that the sale of oil at a fair price has been suspended.

In a special notification, TCB said that the government has decided to sell TCB products (edible oil, lentil pulses, sugar) through family cards in order to manage the sales activities in an orderly manner and reach the real beneficiaries at affordable prices. Family card preparation and distribution activities are underway in Dhaka (North and South) and Barisal City Corporation. After the completion of the distribution of family cards, the sale of TCB products will continue only through family cards. Therefore, in order to implement the decision, the general trackcell activities have been suspended for a short period from May 16 to May 30 of this month. Next June, TCB will sell essential commodities (edible oil, lentils, sugar) at subsidized prices to one crore low-income families through Family Card.

Earlier on May 11, TCB had said that it would sell its products to low-income people at affordable and subsidized prices to keep the prices of daily necessities in the market affordable. For this, from 16th May to 30th May, all the metropolitan districts and upazilas of the country will have sales activities through 250-300 open trucks.

From the truck, a buyer can buy a maximum of 2 kg of sugar at 55 Taka per kg, a maximum of 2 kg of lentils at 65 Taka per kg, and 2 liters of soybean oil at 110 Taka.


TCB   Commodity Price   Oil Price  


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Inside Trade

TCB to sell soybean oil at Tk 110 per liter from Monday

Publish: 01:31 PM, 11 May, 2022


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Despite the rise in soybean oil prices in the country, the Trading Corporation of Bangladesh (TCB) will sell oil at Tk 110 per liter in the open market from next Monday (May 16).

Humayun, a spokesman for the company, said that although the date has been fixed, the quantity of products and their prices have not been fixed yet. It will be decided by meeting in two days.

The price of TCB's soybean oil will be strongly discussed at the meeting. This is because soybean oil prices have risen in stages since the start of TCB sales. Therefore, the Ministry of Commerce will decide whether the price of soybean will be adjusted with the market price or will be sold at the previous price of Tk 110 per liter.

For the 11th time this year, TCB has started selling products for low income people at affordable prices. The company has sold products every month of the current financial year. However, the sale of goods has been stopped since April 24 before Eid.

Last April, a consumer could buy a maximum of two kg of sugar at Tk 55 per kg, a maximum of two liters of soybean oil at Tk 110 and two to five kg of onion at Tk 30 per kg from a TCB truck. 


TCB   Bangladesh   Oil price  


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Inside Trade

TCB will continue selling soybean oil for Tk 110 per liter

Publish: 11:10 AM, 08 May, 2022


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The Trading Corporation of Bangladesh (TCB) will sell soybean oil at Tk 110 per liter even though the price of soybean oil has increased to Tk 198 per liter in the retail market. The company will further expand its activities to sell oil at lower prices.

As part of this, TCB will sell oil at a price of Tk 110 per liter to one crore cardholder families from next June. Tapan Kanti Ghosh, senior secretary at the commerce ministry, told reporters.

The Commerce Secretary said the government has taken up the plan to import soybean oil directly through TCB. Bangladesh's missions abroad have already been approached to purchase soybean oil through state-owned enterprises.

The government has also increased the price of edible oil in the country due to the increase in the price of soybean oil in the world market. However, the government is providing low cost soybean oil and other daily necessities to the helpless, poor and disadvantaged. One crore families are being assisted through TCB.

On May 5, the Bangladesh Vegetable Oil Refiners and Vegetable Manufacturers Association fixed the price of oil. The price of bottled soybean oil was increased by Tk 38 per liter to Tk 198. The price of open soybean oil was increased by Tk 44 per liter to Tk 180. The price has been effective in the market since May 7.

With this, the price of edible oil has been increased for the third time in last 4 months. Analysis shows that soybean and palm oil are among the consumer goods that have risen in price the most in the last four years. In 2019, the price of bottled soybean in the country's market was Tk 104 per liter. In 2020 it increased to Tk 113, in 2021 to Tk 130 and at the beginning of 2022 it came to 168 to 170. Now it is 185 to 190 Taka.

A liter of palm oil (open) was Tk 58 in 2019, Tk 78 per liter in 2020, Tk 107 in 2021 and Tk 150 in early 2022. Now it is Tk165.


TCB   Bangladesh   Oil price  


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Inside Trade

LPG cylinder price drops by Tk104 per 12-kg

Publish: 04:24 PM, 05 May, 2022


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The Bangladesh Energy Regulatory Commission (BERC) has reduced the price of private operators' liquefied petroleum gas – or, LPG – by Tk104 to Tk1,335 per 12-kg cylinder at the retail level.

The BERC set the price of LPG, including VAT, at Tk111.26 per kg from Tk119.94 per kg last month on Thursday via a press notification.

The new tariff will be effective from 6pm today (5 May).

The LPG cylinder price cut comes following a fall in prices of propane and butane – the raw materials of LPG – set by Saudi contract price.

Earlier in April, the price was raised to Tk1,439 from March's Tk1,391 at the retail level.

Saudi contract price of propane and butane has declined to $850 and $860 per tonne respectively, reads the BERC press release.

Meanwhile, the price of Auto gas or LPG used for motor vehicles has decreased from Tk67.02 per litre to Tk62.21 per litre.

The price of centrally controlled reticulated LPG for large apartment residences has dropped to Tk108.02 from Tk116.70 per kg.


LPG   Price drop   BERC  


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Inside Trade

Cucumber and eggplant price doubled in three days

Publish: 11:34 AM, 04 Apr, 2022


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The prices of essential commodities have skyrocketed over the last two months. Due to various measures taken by the government, the prices of essential commodities have come down a bit before Ramadan but started rising again at the beginning of this holy month. Prices of consumer goods are rising. Notable among these are dates, cucumbers, malts, eggplants. The fasting people have started getting frustrated due to the increase in prices. The people of the country are struggling to buy products for Ramadan. The government has formed a task force to control commodity prices, increased market monitoring, mobile courts are working but prices are still not being controlled.

In the last three days, the price of eggplant has gone up by 40 to 50 Tk per kg, local cucumber by 50 to 60 Tk per kg, Malta by 30 to 40 Tk and lemon by 30 to 40 Tk per hali. Besides, every dozen bananas have increased by Tk 30, carrots by Tk 20, apples by Tk 20 to 30 and grapes by Tk 20 to 30. Such a picture has been seen in different markets of the capital.

It can be seen that the cucumber is being sold at 140 to 150 Tk per kg and one-day old at 100 Tk. But three days ago, cucumber was sold at 60 to 70 Tk at max. Eggplants are being sold at Tk 60-80 per kg, carrots at Tk 60 per kg, lemons at Tk 40-70 every four piece, malta at Tk 180 per kg and watermelons at Tk 50 per kg. The price of vegetable banana has gone up by Tk 150 per dozen in the market. Traders claim that retail prices have also risen due to rising prices of Iftar products in the wholesale market.

Jatrabari fruit shops and markets in the capital have been visited, apples at Tk 220 to Tk 240 per kg, Malta at Tk 180 to Tk 200, grapes at Tk 280 to Tk 220, ajwa dates at Tk 500, dabas dates at Tk 250 to Tk 280, sugai dates at Tk 400, watermelon is being sold at Tk 50 for small size and Tk 60 for large size. Besides, eggplant is being sold at Tk 100 per kg and domestic cucumber at Tk 80 to Tk 100.

Government officials say there are some unscrupulous traders who are actually raising prices in the hope of making more profit during Ramadan. The government is aware of this. Action will be taken against those who are trying to destabilize the market by raising the prices of goods in an unscrupulous manner.

Market analysts say the government is trying its best. However, it is very difficult to control some unscrupulous traders in the market. As a result, the price of the product is increasing in the market. However, there is market monitoring. Analysts expect prices to fall soon.


Ramadan   Commodity Prices  


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