Shipping Adviser Brig Gen (retd) Sakhawat Hossain said on Tuesday that an adequate amount of daily essentials had been imported, eliminating the risk of any short supply. Speaking after a cheque handover ceremony at the Secretariat, the adviser said there were no disruptions in the supply of essential goods despite some ongoing issues with edible oil. Army chief weighs words carefully: Adviser Sakhawat In response to a question from the press, the adviser said adequate measures had been taken to maintain the steady flow of imports, preventing any supply gaps in the market. He added that importers who fail to collect goods from the port within the specified timeframe would be subjected to a threefold fine as part of efforts to maintain the smooth operation of the supply chain. Earlier, he participated in a cheque handover ceremony for the families of six workers who lost their lives in the December accident involving the MV Al-Bakhira cargo vessel in the Meghna River at Haimchar, Chandpur. 27,000 Beximco workers’ dues will be settled before Ramadan: Adviser Sakhawat The Labour Welfare Foundation provided Tk 2 lakh, while Noyapara Group, an importing company, contributed Tk 3 lakh to the victims' families.

A consignment of 52,500 metric tonnes of wheat from Argentina has arrived at Chattogram port. The vessel MV INDIGO OMEGA docked at the port on Thursday with the shipment, which was imported through an open international tender, according to a media release from the Ministry of Commerce. Port officials will begin unloading the wheat after sample testing, which is scheduled for today (Thursday). “All necessary measures have been taken to ensure the quality of the consignment,” the release said. Ship with 50,200 MT Argentine wheat arrives at Ctg port This follows an earlier shipment of the same amount, which arrived at the port on February 5 from the South American country, reinforcing Bangladesh’s efforts to maintain a steady wheat supply through international procurement.

Some 133 trucks of fruits have been imported in the country through Benapole land port in two days till Saturday. Assistant Commissioner of Benapole Customs House Md Shahadat Hossain said among the trucks, 70 trucks entered on Thursday while 63 trucks till 9 pm on Saturday. On January 9, the National Board of Revenue (NBR) issued a directive increasing the supplementary duty on fruit imports by 10%, bringing it to 30%. Fruit imports resume after two days of suspension at Benapole As a result, the duty per kilogram  increased by Tk 15 taka, reaching Tk 116, said Abdul Mannan, an importer. Protesting the NBR’s decision, Bangladesh Fresh Fruits Importers called strike and the import through the port remained suspended on Tuesday and Wednesday. Considering the consumers interest, the importers resumed import of fruit on Thursday. They also threatened to go for tougher movement if the VAT is not withdrawn by February 14. Mohsin Millon, president of the Benapole Import and Export Association, said the halt in fruit imports through Benapole land port over the past two days caused a significant price surge in the domestic market. However, after the resumption of fruit import the price of fruits started to drop in the local market. Import duty hike: Importers suspend fruit import through Benapole

The government will import rice and LNG to meet the demands of the domestic market, it's been decided. The Advisors Council Committee on Government Purchase (ACCGP), in a meeting with Finance Advisor Dr Salehuddin Ahmed in the chair, approved two separate proposals in this regard. As per a proposal, moved by the Ministry of Food, the Food Directorate will import 50,000 Metric Tons (MT) of non-basmati parboiled rice from India through an international open tender. Bagadiya Brothers Limited of India will supply the bulk rice at a cost of Tk 275.30 crore, with each kg at Tk 55.06. Bangladesh Oil, Gas and Minerals Corporation-Petrobangla will import one cargo of LNG from the international spot market through quotation. Excelerate Energy PLC of United States will supply the LNG cargo at a cost of Tk 752.50 crore, with each MMBtu at $15.69. After the meeting, Finance Advisor Dr Salehuddin Ahmed told reporters that the government will not bring any change in the duty structure of essential commodities until the end of the upcoming month of holy Ramadan which is expected to begin from March 1. No change in duties until Ramadan ends: Finance Adviser Responding to a question on ensuring adequate supply of essential commodities at affordable price during the Ramadan, the advisor said that the government had already imported chickpeas, lentils, and dates. The price of Soybean oil has come to a reasonable level. “If necessary, the government will take further measures in regard to the price of soybean oil”, he said. He said that the government has been giving priority on market monitoring. “The market monitoring has to be intensified. Only application of Consumer Protection Act is not enough to contain the prices”. He mentioned that the price of onion has already come down to Tk 40 per kg from Tk 200. In our country, prices of goods frequently go up and down while prices remain stable in developed countries.

Pakistan has shown its keenness to import medicine from Bangladesh. Pakistan High Commissioner to Bangladesh Syed Ahmed Maroof expressed the interest when he called on Health Adviser Nurjahan Begum at her office on Sunday. Timor-Leste President seeks to boost trade ties with Bangladesh Bangladesh has made significant progress in the pharmaceutical sector, and Pakistan is interested in importing medicines from Bangladesh, said Maroof. Healthcare, trade, and overall cooperation between the two countries came for discussion during the meeting.  

Despite dollar shortage, preventing traders from opening letters of credit (LC) as needed, the Benapole Custom House exceeded its revenue target for the 2023-24 fiscal year by Tk 216 crore. The revenue target for Benapole Custom House in the 2023-24 fiscal year was Tk 5,948 crore. Actual revenue collected amounted to Tk 6,164.59 crore. According to Benapole Custom sources, the total import volume for the 2022-23 fiscal year was 1.445 million tons, which increased to 1.72178 million tons in the 2023-24 fiscal year. Read more: Bangladeshi injured in BSF firing along Benapole border Kamal Uddin Shimul, Vice President of the Benapole C&F Agents Association, attributed the initial revenue shortfall to global economic recession, rising dollar exchange rates, and the resulting reduction in LCs by commercial banks. However, higher imports of goods with elevated duty rates towards the end of the fiscal year led to increased revenue collection at Benapole Custom House. Importer Monir Hossain highlighted that many businesses could not open LCs due to banks increasing exchange rates amid the global recession and dollar shortage, significantly reducing imports through Benapole land port. Nonetheless, the government’s sudden increase in import duties on various goods boosted custom revenue. Abdul Hakim, Commissioner of Benapole Custom House, said that the increase in high-duty imports towards the end of the fiscal year, combined with the government’s raised duty rates, contributed to exceeding the revenue target. He emphasized the implementation of a zero-tolerance policy against tax evasion at the port, with a 200% penalty imposed on irregularities, which also boosted revenue. Additionally, imports for the government’s mega projects through Benapole further increased custom revenue. Read more: Export-import resumes through Benapole land port after Eid

The government will allow the import of eggs after consultation with the Fisheries and Livestock Ministry if the price of eggs does not come down, said Commerce Minister Tipu Munshi on Sunday (August 13, 2023). “If the Ministry of Fisheries and Livestock fixes the price for eggs it can be controlled through drives conducted by the Directorate of National Consumer Rights Protection,” he said while talking to reporters after attending a programme at Mohammadpur Town Hall in the city. At Tk 150 per dozen in Dhaka markets, eggs not an affordable protein source any more As price of eggs soars abnormally the members of Directorate of National Consumer Rights Protection are conducting drives in different wholesale markets in the city and realising fines, he said. “Importing eggs is not under the jurisdiction of the Commerce Ministry and the permission from the Ministry of Fisheries and Livestock is needed for import. A decision regarding import of eggs will be known soon after getting green signal from the Ministry of Fisheries and Livestock,” he said. Hike in egg price: Consumer Rights Protection body realises Tk 10,000 in fine in Faridpur Talking about the price of sugar, Tipu said, “Alongside importing sugar from the international markets, we are also procuring sugar from the local markets to meet the demand due to delay in arrival of sugar-laden ships or unloading complexities.” Replying to a question about importing essential goods from India through quota, the minister said a decision will be taken in this regard as he is going to India this month and will meet the commerce minister of India. Broiler chicken now selling at Tk 230 per kg, egg price down

Agriculture Minister Md Abdur Razzaque has said a decision on onion import will be taken within two to three days after monitoring the market situation. "I know that all middle- and limited-income people are suffering. The price of onion should not be Tk 80 per kg. At the policy level, we are putting emphasis on the interests of our local farmers,” the minister said while talking to reporters at his Secretariat office today (May 21, 2023). "We have discussed it at the highest level of policymaking. We are monitoring the market very closely. Insha'Allah, you will get a decision on whether we will import onions in 2-3 days," he said. Read more: Govt may allow onion import soon: Agriculture Secretary Last week, the Agriculture Secretary Wahida Akhter said the government is considering importing onions due to the hike in onion prices in the market. Due to government intervention, onion production in the country has increased by more than one million tonne in the last two years, according to the DAE (Department of Agricultural Extension). This year alone, more than 34 lakh tonnes of onion have been produced in the country. Meanwhile, the demand for onion in the country is 26 to 28 lakh tonnes per year. Read more: Govt to import 12,500 MT of sugar from US However, due to lack of proper storage system or adverse environment, 30-35% of locally produced.

The government of Bangladesh will import 12,500 metric tons (MT) of sugar and 220,000 MT of fertliser to meet the domestic requirements. Cabinet Committee on Government Purchase (CCGP) in a meeting on Wednesday (May 17, 2023) approved a number of proposals in this regard. Finance Minister AHM Mustafa Kamal presided over the meeting held virtually. According to a proposal of the Commerce Ministry, its subordinate body Trading Corporation of Bangladesh (TCB) will import the sugar from Accentuate Technology Inc., USA (Local Agent: OMC Ltd., Dhaka) through an international open tender system at total cost of Tk 66.27 crore with per kilogram (kg) cost at Tk 82.85. Also Read: PM Hasina: Bangladesh won't buy anything from those who impose sanctions against it Additional secretary to the Cabinet Division Sayeed Mahbub Khan, who briefed reporters about the Cabinet body meeting, said while approving the proposal the issue of the Prime Minister’s instruction not to import any goods from any country which imposed sanction on Bangladesh was not discussed in the meeting. The committee approved two separate proposals of the Industries Ministry to import a total of 60,000 MT of urea fertilizer and 10,000 MT of phosphoric acid by its subordinate body Bangladesh Chemical Industries Corporation (BCIC). Also Read: Tariff Commission recommends fixing loose sugar price at Tk 120, packaged Tk 125 per kg Of these, 30,000 MT of bagged granular urea will be procured from Karnaphuli Fertilizer Company Limited (Kafco) at cost of Tk 120.03 crore with per MT price at $371.25 while another 30,000 MT bulk granular urea fertiliser will be imported from SABIC Agri-nutrients Company of Saudi Arabia at a cost of Tk 106.25 crore with per MT price at $327.33.  The BCI will import 10,000 MT of phosphoric acid at Tk 60.95 crore from Sun International FZE, UAE (Local Agent: M/s Agro Industrial Input, Dhaka) for TSP Complex Limited, Chittagong. Each MT of acid will cost $566.50. Also Read: Letter to be sent to NBR to extend duty exemption on sugar import: Commerce Secretary The CCGP approved a total of six proposals of Bangladesh Agriculture Development Corporation (BADC), placed by the Agriculture Ministry, for importing a total of 160,000 MT of different types of fertilizers. Of these, the BADC will import 40,000 MT of DAP fertilizer from MA'ADEN, Saudi Arabia at a cost Tk 229.33 crore, $532 under the state level contract. Also Read: Raid if sugar is not sold at govt-fixed rate: Tipu Munshi It will import 30,000 MT of TSP fertiliser from OCP, S.A. of Morocco at a cost Tk 126.57 crore, with each MT price at $391.50, under the state level contract while 40,000 MT of DAP fertilizer will be imported from the same company of Morocco at a cost of Tk 233.42 crore with per MT price at $541.5. The BADC will import 50,000 MT of Muriate of Potash (MOP) fertiliser from the Canadian Commercial Corporation under the state-level contract at a cost of Tk 225.23crore, with per MT price at $418. Also Read: Japan wants to invest in sugar industry, biomass power, prepaid gas meters in Bangladesh The CCGP approved a proposal of the Local Government Division to extend the cost of the consultant by Tk 11.1 crore for its project "Water Supply and Sanitation in 23 Municipalities of Bangladesh (1st Revised)" being implemented by the Department of Public Health Engineering. Joint Venture of (1) Ranhill, (2) Farhat and (3) DDC had been appointed as consultant for the project. Also Read: Sugar disappears from Dhaka stores amid high price

Bangladesh Army-run Bangladesh Machine Tools Factory Limited (BMTF) will supply 3 crore blank smart cards to Bangladesh Election Commission (EC). Cabinet Committee on Government Purchase (CCGP) in a meeting on Tuesday approved the proposal along with some others from different ministries. Finance Minister AHM Mustafa Kamal presided over the virtual meeting. As per the proposal, the BMTF will supply the smart cards under the Identification System for Enhancing Access to Services (2nd Phase) project of the Arms Forces Division of the Prime Minister's Office at contract value of Tk 406.50 crore.        Under other proposals, approved  by the CCGP, state marketing agency Trading Corporation of Bangladesh (TCB) will import 12,500 metric tons (MT) of sugar and 1.10 crore litres of soybean oil for its ongoing programme to sell those in open market. Each kg of sugar will cost Tk 82.92 while the soybean oil will cost Tk 146.10 per litre Of these, Smart Matrix Pte., Ltd., Singapore (Local Agent: Mark Line Enterprise, Dhaka) will supply 12,500 MT of sugar at Tk 66.79 crore while the Guven Traders Ptv. Ltd., India (Local Agent: HH Enterprise, Dhaka) will supply 1.10 crore of soybean oil at Tk 148.30 crore. Supplier Smart Matrix Pte., Ltd., Singapore was selected for sugar supply through an international bidding process while the Guven Traders Ptv. Ltd., India, was chosen by the TCB through direct procurement method without any bidding process. The Cabinet body approved a number of proposals of the Roads and Highway Department (RHD) under the Roads Transport and Highway Division to award contracts for road constructions. Of these, the Joint Venture of (1) SRBG, China; and (2) and BTC, Bangladesh won a contract of the Lot No- DS-7 under Package No- WP-04 of the Project "Sasec Dhaka-Sylhet Corridor Road Development" at Tk 947.74  crore. The Joint Venture of (1) CSCEC7, China; and (2) Spectra Engineers Ltd., Bangladesh won the contract of the Lot No. DS-8 under Package No- WP-04 of the project “Sasec Dhaka-Sylhet Corridor Road Development” at Tk.1, 178.68 crore. The RHD selected Taher Brothers Ltd. to award the contract for “Upgradation of Gouripur-Anandganj-Madhupur-Dewanganj Bazar-Hosenpur District Highway to the proper standard” at a value of Tk 131. 47 crore. The RHD selected Joint Venture of (1) Mozahar Enterprise Pvt. Ltd., (2) National Development Engineers Ltd., and (3) Sagar Info Builders Ltd. for Package No. PW-01 of "Sherpur (Kanasakhola)-Bhimganj-Narayankhola-Rambhadrapur-Mymensingh (Rahmatpur) Road Development '' Project at Tk 149.99 crore. The Joint Venture of (1) National Development Engineers Ltd. , and (2) Hasan Techno Builders Ltd., has been selected by the RHD for the package No. PW-02 of the "Sherpur (Kanasakhola)-Bhimganj-Narayankhola-Rambhadrapur-Mymensingh (Rahmatpur) Road Development" at a contract value of Tk 180 crore. Meanwhile, the Cabinet Committee on Economic Affairs at a meeting approved in principle a proposal of the Directorate General of Health Services to procure Firstline TB Drugs, Medical and Surgical Supplies and Laboratory Equipment from the Essential Drugs Company Limited through Direct Purchase Method (DPM) without bidding process. The drugs, services and equipment will be procured for the "Health and Gender Support in Cox's Bazar District (2nd Revised)"project under the United Nations Office for Project Services.