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- (-) May 2022
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On May 5, 2022, trade and finance ministers from East African Community (EAC) member countries agreed to raise minimum common external tariffs from 25 to 35 percent on several agricultural products.
Bangladesh consumes approximately 6 million metric tons of chemical fertilizers annually, of which about 80 percent are imported. The four major imported chemical fertilizers in Bangladesh are urea, triple super phosphate, diammonium phosphate, and muriate of potash (MOP). Russia and Belarus were the dominant suppliers of MOP in Bangladesh.
FAS/Nairobi forecasts an increase in Uganda’s marketing year (MY) 2022/23 coffee production to a new record of 6.65 million bags due to favorable weather and recently established plantations coming into full production. Arabica production is anticipated to decrease by 5.2 percent to 900,000 bags due to cyclical yield variation.
On February 22, 2022, the Government of Bangladesh (GoB) revised the permissible wastage rate for basic garment products to 29 percent, specialized products to 32 percent, and sweaters and socks to 16 percent.