Soybean import to rise 7.7pc
Bangladesh’s soybean import is projected to rise by 7.7 per cent year-on-year to 28 lakh tonnes in 2022-23 marketing year beginning from October, according to the United States Department of Agriculture (USDA). Moreover, the import of soybean meal and oil will see a slight fall thanks to a rise in supply and crushing of soybean seeds in Bangladesh. A total of 775,000 tonnes of soybean oil will be imported in 2022-23, which was 750,000 tonnes in the outgoing year. And soybean meal imports are also projected to rise slightly to 400,000 tonnes by this time.Riding on the increased soybean import, this year 2.9 lakh tonnes of oilseeds will be crushed, which is more than double than that of the previous year. The domestic consumption of soybean oil will also rise by 2.71 per cent year-on-year to 13.25 lakh tonnes, according to the report.However, global soybean production in 2022-23 is forecast at a record 39.47 crore tonnes, up 13 per cent from 2021-22, thanks to the record production of the oilseed in Brazil and the United States.
Listed power companies see EPS growth in 9 months
Leading listed power generation companies in the private sector saw their profit rise in nine months for the current fiscal year riding on significant revenue income from their subsidiaries. Out of the 23 companies listed in the ‘fuel & power’ sector with the Dhaka Stock Exchange, nine are engaged in power generation owned by private sector people. Of them, five logged higher profits, three registered lower profits and one fell for July 2021 to March 2022, compared to the same period a year earlier, according to statistics available with the DSE.The consolidated EPS of Summit Power, GBB Power, Energypac Power and Khulna Power Company fell during July 2021 to March 2022. Of the power companies, consolidated EPS of Doreen Power rose by 53.15 per cent to Tk 8.24 for July 2021 to March 2022, from Tk 5.38 in the same period a year earlier.Chandpur Power is a 115 MW heavy fuel oil (HFO) based power plant at Chandpur, which started commercial operation from February 11 of this year. Doreen Power has a 99.9 per cent stake in the Chandpur Power Plant. Shahjibazar Power’s consolidated EPS also increased by 25.82 per cent to Tk 5.70 for the July 2021 to March 2022, compared to the same period last year. United Power’s consolidated EPS also jumped 16.92 per cent to Tk 17.34 for the July 2021 to March 2022, compared to the same period of the previous year.
StanChart emerges as ‘Market Leader for Trade Finance’
Standard Chartered Bangladesh has been recognised as the ‘Market Leader for Trade Finance’ in Bangladesh, according to the 2022 Euromoney Trade Finance Survey and the 2022 Asiamoney Trade Finance Survey. Conducted by Euro-money and Asiamoney, the surveys aggregate and analyse independent client responses.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|FTSE100||$ 7,418.15||↑184.81||↑ 2.56 %|
|Nikkei 225||$ 26,531.24||↑103.59||↑0.39 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 109.05||↓1.44||↓1.30%|
|Crude Oil (Brent)||$ 109.97||↓1.58||↓1.42%|
|Gold Spot||$ 1,810.07||↓1.72||↓0.09 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 86.4500|
|GBP 1||BDT 106.2335|
|EUR 1||BDT 91.1651|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<