- North America
- December 12, 2017
Country's tea export decreases as internal consumption increases
Country’s tea export may face a severe setback after three years if necessary steps are not immediately taken for increasing its production.
“Our tea has a great demand in internal as well as external markets. The demand is on the rise day by day, but production of tea in the country has not increased in proportion to the requirement,” Joint secretary (export) of Commerce Ministry Atiqur Rahman told UNB.
Target fixed for 2,565 hectares of land
A target has been fixed to produce some 18,468 tonnes of maize from 2,565 hectares of land in nine upazilas of Kurigram in the current summer, UNB reported today.
It is expected production in the char (landmass emerged from riverbeds) areas of Roumari and Rajibpurupazilas would be higher than Nageswari and Bhurugamariupazilas.
Farmers this year are using high breed seeds like Pioneer 30V 92, Elit, Uttaran, NK-40, Pacific, CP-802 etc.
Sources at the Department of Agriculture Extension (DAE) said maize is usually cultivated in the winter season.
Central bank in Cyprus is looking at selling some of its 14 tonnes of gold to help pay for a bailout agreed with the European Union and International Monetary Fund
Gold prices clawed back some losses today after suffering their heaviest slump in 30 years triggered by weak Chinese growth data and reports Cyprus was planning to sell part of its reserves.
Analysts said the 13 percent drop in prices between Friday's open and Monday's close could show gold's 12-year bull-run was at an end, with investors turning away from the metal, which is traditionally a hedge against inflation.
The major exports to the US market during the period were woven garment ($ 2,468.99 m), knitwear ($ 717.04 m), frozen shrimp ($ 26.87 m), home textiles ($ 124.72 m) and cap ($ 24.76 m)
Export earnings from USA, the largest export destination for Bangladesh goods, witnessed a 4.70 percent growth during the first eight months (July-February) of the current fiscal (2012-13), mostly due to moderate performance of the RMG sector.
The export earnings totaled US$ 3,471.48 million (m) during July-Feb of current fiscal (2012-13) compared to $ 3,315.73 m during the same period of the previous year (2011-12). The amount represents 19.95 percent of the country’s total export earnings during the period.
It wants media to help parties reach consensus
The Federation of Bangladesh Chambers of Commerce and Industry (fbcci) yesterday urged the top leaders of the two major political parties to sit for a dialogue and thus break the current political standoff.
“Let us compromise from everybody’s respective position, if necessary. Let us help the nation get rid of the political disunity and dispute,” fbcci President Kazi Akram Uddin Ahmed said at a meeting with editors and heads of newspapers, television channels and news agencies at Dhaka Club.