Exports declined in July as reduced working days for Eid-ul-Azha and coronavirus containment measures affected the production and shipment of most of the items, including clothing, the main foreign currency earner.
Exports fetch $3.13b in April
Receipts up six times year-on-year as shipment fell
to historic low last year
In April last year, earnings from the garment sector, which contributes 84 per cent to national export in a year, were only 0.37 billion because of lockdown and shutdown of factories. Star/file
Earnings from merchandise exports surged as much as six times year-on-year to $3.13 billion in April thanks to a rebound in apparel shipment buoyed by the reopening of the economies in the US and Europe.
Export receipts rose abnormally in April compared to the level in the same month last year, when overseas sales stood at a meagre $0.52 billion, the lowest in the history of Bangladesh, as a strict lockdown and the closure of factories in Bangladesh due to Covid-19 battered the economy.
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Govt gets tough on raw jute hoarders
None can store over 1,000 maunds for more than a month, says minister; bid to increase supply
The government has set the restrictions to ensure smooth supply of raw jute in the local market and speed up export. Photo: Star/file Star Business Report Star Business Report
Dealers or warehouse owners can now store a maximum of 1,000 maunds of raw jute for only one month, Jute and Textiles Minister Golam Dastagir Gazi said yesterday.
The government has set the limits to ensure smooth supply of the raw jute in the local market and speed up export, he said.
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