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Bangladesh: Raise dollar exchange rate for shrimp, fish exports to Tk 125.50

Bangladesh: Raise dollar exchange rate for shrimp, fish exports to Tk 125.50

31 December 2024 ~ Published in INFOFISH MEMBER COUNTRIES. Read 31 times.

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The Bangladesh Frozen Foods Exporters Association (BFFEA) has urged the government to raise the US dollar exchange rate for processed frozen shrimp and fish exports from Tk 118.90 to Tk 125.50. In a letter to the finance ministry, BFFEA highlighted challenges such as high interest rates, rising utility costs, and inadequate ancillary services impacting exporters. They argued that increasing the exchange rate would help sustain export-oriented businesses, boost export earnings, and stabilize the foreign exchange market.

Source: FE REPORT


More in this category: « Malaysia eyes cold storage air freight hub in Sabah to boost seafood exports to China
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