Readjust edible oil prices: CAB
The Consumers Association of Bangladesh (CAB) urged the government to readjust edible oil prices in the country following a downward trend of their rates in the international market.Vice-President of CAB central committee S M Nazer Hossain came up with the call through a statement on Friday. He said as per...
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Asian demand, rising costs squeeze Europe's LNG import plan
LONDON, June 24 (Reuters): Europe's plan to get through a winter of difficult Russian gas supply with significant imports of liquefied natural gas (LNG) is at risk, with US supply curtailed by a key plant outage, rising demand in Asia and soaring prices.The region's commitment to sever dependence on Russian...
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Rice bran becomes hot commodity as India scours for edible oils
MUMBAI, June 24 (Reuters): Rice bran has become a sought-after commodity in India as the world's biggest importer of vegetable oils tries to overcome an edible oil shortage caused by global supply disruptions.A by-product in rice milling, rice bran has been traditionally used for cattle and poultry feed. In recent...
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India rushes food, medicine to bankrupt Sri Lanka
COLOMBO, June 24 (AFP) : Sri Lanka accepted a rice and pharmaceuticals shipment from neighbouring India Friday as the island nation battles an unprecedented economic crisis that has left supermarket shelves and pharmacy cabinets empty.A critical shortage of foreign currency has left Sri Lanka unable to pay for enough imported...
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Shoppers buy less, seek cheaper items
LONDON, June 24 (Reuters): About two fifths of customers at Britain's Asda supermarkets are buying less and swapping branded items for Asda-brand products where possible to save money amid a worsening cost of living crisis, the retail chain said on Friday.Britain's households are struggling to keep pace with inflation which...
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Pakistan levies 'super tax' on industries to trim deficit to clinch IMF deal
Pakistan will impose an extra one-time 10% tax on large scale industry for one year to raise over 400 billion Pakistani rupees ($1.93 billion) to clinch a crucial deal from the International Monetary Fund, Finance Minister Miftah Ismail said on Friday, reports Reuters.The announcement comes ahead of what Pakistan hopes...
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