10,091 MTs of onions will import from 5 countries

 Day to day increasing onion price in retail shop at dhaka, capital city of Bangladesh due to India ban exports.

The price of the spice has gone up by Rs 10 to Rs 20 per kg in the retail market. Retail buyers have been seen returning empty-handed from many shops to buy onions.

On Monday (September 14) night, a few retail markets in the capital's Mirpur, Jowar Sahara were seen.

Vendors said that since the evening, a large number of buyers have flocked to the shops to buy onions. However, in some shops, the buyers had to return empty-handed without getting onions.

A few shops in Jowar Sahara can be seen selling Indian onions at Rs 60 to Rs 75. And local onions are being sold at 60 to 70 rupees.

Meanwhile, Mohammad Shahid, owner of Taj General Store in Sheorapara, Mirpur, told that although there were no buyers of onions since the afternoon, the sale of onions has increased since the evening. Onions are being sold here at 65 to 70 rupees. The price is a little higher than in the morning.

He added that one sack of onion was sold after dusk. I heard that the wholesale market price has gone up overnight. So I have to buy onions at tomorrow's price.

Abdul Khaleq, another onion-potato seller in Mirpur, said, "We have also increased the price as the price has gone up in the wholesale market." I heard that India has stopped exporting onions. That is why the price of onion is going up. Tomorrow it will increase by 10 to 20 rupees per kg.

Getting hint of a possible export ban by India, the traders of the country initiated the process well ahead to import onions from alternative countries.

They began the process of taking import permission from September 3.

According to the information provided by Chittagong Plant Quarantine Station (Sea Port), 24 enterprises have so far taken permission for importing 10,091 metric tons of onions from China, Myanmar, Pakistan, Egypt, and Turkey.

Progress in poverty reduction

The evaluation of the global lending agency came out loud and clear in its report ‘Bangladesh Development Update’ published on recent.



Its Bangladesh office Chief Economist Zahid Hossain presented different aspects of the report at a press conference in Dhaka on last week. The agency’s Country Director for Bangladesh Johannes Zutt was present at the press meet.

The Washington-based lender observed that Bangladesh performed well in poverty eradication, human resources development and manpower export.

Though it praised the developments in power and gas sector, it expressed dissatisfaction over progress in transport and communications.

After the World Bank scrapped its plan to finance the Padma bridge project, it advised the government to finish the project work promptly.

The agency forecast 6.2 percent GDP growth in the current 2014-15 fiscal year, but feared an increase in food inflation.

Evaluating the overall economic condition, Hossain said: “Bangladesh is advancing, but at a pace, which is less than its potential.”


Progress in poverty reduction

The World Bank in its report has said Bangladesh's “poverty incidence is projected to decline to 24.47 percent by 2014”.

Data with the national statistical agency, the Bangladesh Bureau of Statistics (BBS), says 57 percent people were living under the poverty line in 1990 while the rate came down to 31.5 percent in 2010.

It is 3 percentage points higher than the UN's Millennium Development Goals (MDGs) target of 28.5 percent to be achieved in 2015.

Only two days earlier, claiming only 26 percent of the country's population was currently below poverty line, Finance Minister AMA Muhith anticipated poverty to reduce to half of the current level by 2021.

He also hoped the country would be poverty-free in 2030.

The World Bank report also praised Bangladesh's progress in human resources development.

According to the UN Human Development Report 2014, Bangladesh graduated from Low Human Development (LHD) category to Medium Human Development (MHD) category in 2013.

The report said total domestic employment increased from 51.9 million in 2010 to 56.5 million in 2013.

Increase in manpower export is contributing to curbing unemployment rate in the country, said WB's Bangladesh office Chief Economist Zahid Hossain.
Growth 6.2 percent

The government's GDP growth target rate in the current fiscal was 7.3 percent. The World Bank had projected less growth but sounded happy with it.

In 2013-14 FY, Bangladesh’s economy grew at a rate of 6.1 percent. But the bank says political stability since January, increase in remittance inflows, expected recovery in exports, and a buoyant consumption demand than last year, bodes well for growth in the current FY, which is projected at 6.2 percent.

Offdock at Chittagong

Name Off-dock	Location	Phone No	Fax No	Off-dock ID
Chittagong Port				2591
Esack Brothers Industries Limited(Container Yard)	Middle Halishahar, Bandar, Chittagong	0312526836,720133-4, 2512720, 713885	.	2594
Chittagong Container Transportation Co. Ltd.	Middle Halishahar, Bandar(Near Port Stadium), Chittagong	710721, 611351	710721	2595
K&T Logistics Ltd.	CEPZ, Chittagong	742147, 742148, 742103	.	2596
QNS Container Services Ltd.	Sector 6A, CEPZ, Chittagong	.	.	2597
Ocean Containers Ltd.	Katghar, North Patenga Chittagong-4204	031-800104-6	031-740667	2598
Vertex Off-Dock Logistic Services Limited	Delwar Bhaban(5th floor), 104 Agrabad C/A Chittagong.	2514290-1	.	2599
Shafi Motors Ltd.	Fauzderhat, Sagorika Avenue, Chittagong	.	.	2600
Iqbal Enterprise	Iqbal Bhaban 73 Agrabad C/A Chittagong.	724244, 720655	.	2601
Summit Alliance Port limited (WEST)	North Patenga, Kathghar, Chittagong - 4204	2500703,2500934-5	.	2603
INCONTRADE LIMITED	LALDIAR CHAR EAST PATENGA CHITTAGONG 4205 BANGLADESH	031-2501084-6,2501087,01199604030	2501089	2620
KDS Logistics Ltd.	Sonaichari,Ghoramara Sitakunda, Chittagong Bangladesh	031 713301-02		2624
PortLink Logistics Centre Ltd.	Bhatiary,Sitakunda Chittagong	031710644	.	2643
Shipper's Premises				2646
Others				2647
GOLDEN CONTAINERS LIMITED	NORTH KATTALI, BESIDE DHAKA-CHITTAGONG HIGHWAY, CITY GATE, PAHARTALI, CHITTAGONG-4217.	031-751172	.	3328
SUMMIT ALLIANCE PORT LTD (EAST)	KATGHAR,SOUTH PATENGA,CTG-4204.	2501507-8,2501513-5		3450
Dhaka ICD				2592

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Top Freight forwarders in Bangladesh

 
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APL Logistics

NYK Logistics

Quality Shipping Lines
Javed Tower (4th Floor) 485, Sk. Mujib Road Chowmuhani, Agrabad Chittagong Dhaka Office: Dhaka Trade Center (9th Floor) 99, Kazi Nazrul Islam Avenue, Kawran Bazar, Dhaka- 1215 Tel: +88 02 8189261-2
Tel: +88 031 710154-5	Cell: 01815620920
Email: absar@qsl-bd.com	Web: www.qsl-bd.com

A. I Freight Services
F.R. Tower Level-8, Suite-CD 32, Kemal Ataturk Avenue Banani, Dhaka-1213
Tel: +88 02 9820578-80	Cell: +88 01711321754
Fax: +88 02 9820577
Email: Info@aifs-bd.com	Web: www.aifs-bd.com
PTC: Syed Aminur Rahman Murad
Proprietor

Orient Logistics (BD) Pvt. Ltd.
Iqbal Bhaban 73, Agrabad, C/A, Chittagong Branch Office: IIUC Tower (9th Floor) Plot # 09, Sk. Mujib Road Agrabad C/A, Chittagong Dhaka Office: M/S. Star Centre (4th Fl.) (Opposite Simens Building) Road # 138, House # 02 Gulshan-01, Dhaka-1212 Tel: +88 02 9861184 9861201, 9861323 Fax: +88 02 9893973
Tel: 031-2514217, 2513859, 2513920-1	Cell: 01711-775119, 01711-790230
Fax: 031-2525794, 2513858
Email: quamrul.hassan@oocllogistics.com	Web: n/a
PTC: Ahsan Iqbal Chowdhury
Chairman

QC Logistics Limited
C & F Tower (5th Floor) 1222, Sk. Mujib Road Agrabad, Chittagong Dhaka Office: Sharif Mansion (4th Floor) 56-57, Mothijeel C/A Dhaka-1000 Tel: +88 02 9551408 Fax: +88 02 9551189 Cell: 01925990010
Tel: info@qclogistics.com	Cell: 01819311375
Fax: +88 031 2527591
Email: info@qclogistics.com	Web: n/a
PTC: Selina Quader Chowdhury
Managing Director

Iport Logistics Limited
Ahmed Mansion (3rd Flr.) 24 Shantinagar, Chameli Bagh, Dhaka- 1217
Tel: +88 02 9352783-5, 83153395	Cell: +88 01713 426967
Fax: +88 02 8356927
Email: iport@impress.bz	Web: n/a
PTC: Zia Chowdhury
Managing Director

ITSA-Total Logistics Ltd.
Jahangir Tower(5th Floor) 10, Kazi Nazrul Islam Avenue Kawran Bazar Dhaka-1215 Chittagong Office: Plot # 06, Shafiq Bhaban (4th Floor) Sk. Mujib Road Agrabad C/A Chittagong-4100 Tel: 031-713147-8
Tel: +88 02 9125792-6	Cell: +88
Fax: +88 02 8127901
Email: tanvirahmed@mghgroup.com

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