Bengal Plastic’s new outlet Bogura

The government has approved the procurement of 55,000 liters of soybean oil for its Open Market Sale (OMS) program and plans to import a total of 120,000 metric tonnes of fertiliser to meet local demands. The Trading Corporation of Bangladesh (TCB) will purchase the soybean oil from City Edible Oil Limited for Tk 868.4 million.

Amid soaring egg prices, Bangladesh has imported 231,000 eggs from India at Tk5.70 each, with a total cost exceeding Tk7.50 per egg after duties. The government has approved a phased import of 45 million eggs, with another 9 million expected next month.

Fast-moving consumer goods (FMCG) sales in Bangladesh are declining as prolonged inflation erodes purchasing power. Consumers are switching to smaller packs of essential items like potatoes and onions, while premium products, such as large packs of shampoo, see fewer buyers

The Bangladesh Trade and Tariff Commission will meet with agro-processors to discuss the government's indefinite ban on rice exports, including aromatic varieties. The Bangladesh Agro Processors Association (BAPA) has urged the government to lift the ban, citing a decline in demand for processed agricultural products.

Al-Arafah Islami Bank PLC has partnered with Star Tech Limited to offer exclusive discounts and zero percent EMI for up to 36 months on Star Tech products to the bank's La-Riba credit cardholders. Corporate customers will also receive occasional discount coupons. The agreement was signed by senior officials from both organizations at Star Tech's head office.

Lovello Ice-Cream has announced a 10% cash and 10% stock dividend for FY 2023-24, reporting a revenue increase to Tk99.21 crore and a net profit of Tk12.18 crore. The company is investing Tk150 crore in a second plant to double production capacity to 2,50,000 litres daily by June 2025. The AGM is scheduled for 30 December, with a record date of 10 November. The domestic branded ice cream market is expected to grow from Tk1,400 crore to Tk2,600 crore by 2025.