Bangladesh has emerged as a rapidly growing market for U.S. soybeans as American exporters seek to diversify sales beyond traditional destinations, according to the U.S. Soybean Export Council.
More than 200 small and subcontracting garment factories in Gazipur declared a three-day holiday from Thursday through Saturday after low gas pressure disrupted production and the closure aligned with the weekly weekend, according to a report in the Daily Star.
Bangladesh imported 9.2 tonnes of green chili from India through Benapole land port as the government seeks to increase supplies and reduce domestic prices.
Bangladesh has authorized imports of green chilies from India after heavy rainfall damaged local crops, tightened supplies and pushed prices to 400 taka (approximately $3.23) in domestic markets.
Bangladesh’s garment industry is operating at about 60% efficiency as prolonged electricity and gas shortages disrupt production, delay exports and threaten factory owners with bankruptcy, industry representatives said.
Bangladesh Honda Private Limited has exported Honda NX200 motorcycles to Mexico, expanding its international operations after previously shipping motorcycles to Guatemala, the company said Sunday.
About 45 senior executives from 25 U.S. companies are expected to visit Bangladesh by the end of next week to explore investment opportunities, a government spokesperson said Saturday.
A mechanical failure at a liquefied natural gas terminal in Moheshkhali has deepened Bangladesh’s gas shortage, disrupting electricity generation, factories and transportation.
Turkey’s Sanko Group plans to invest $300 million in an integrated textile manufacturing facility in Bangladesh’s Mirsarai industrial zone, government officials said Tuesday.
Floods have destroyed summer vegetables worth Tk140.82 crore (approximately $11.37 million) in southeastern Bangladesh, disrupting supplies and driving up prices in Chattogram markets.
