Sufficient salt reserves in country: BSCIC | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Thursday
June 08, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
THURSDAY, JUNE 08, 2023
Sufficient salt reserves in country: BSCIC

Economy

TBS Report
14 June, 2020, 07:10 pm
Last modified: 14 June, 2020, 07:17 pm

Related News

  • AL's Khokon pledges to facilitate BSCIC activities
  • Locally produced packaged salt lacks iodine: Study
  • Locally produced packaged salt lacks iodine: Study
  • India's forex reserves rise for second week, hit over 11-month high
  • Country’s salt production hits 62-year high

Sufficient salt reserves in country: BSCIC

The salt reserve is 20.03 million metric tonnes now

TBS Report
14 June, 2020, 07:10 pm
Last modified: 14 June, 2020, 07:17 pm
Photo: UNB
Photo: UNB

At present, the country has an adequate reserve of salt, according to the Bangladesh Small and Cottage Industries Corporation (BSCIC) under the Ministry of Industries.

According to BSCIC, the country's salt reserve is 20.03 million metric tonnes, including the stock from the fresh salt production that ended recently and the surplus from the last season, reads a press release issued on Sunday.  

Information from the BSCIC Industrial Development and Extension Department and the BSCIC Salt Industry Development Office in Cox's Bazar, the total demand for edible and industrial salt in the country was estimated at 18.49 lakh metric tonnes in the 2019-2020 fiscal year.

Of this, a total of 15.70 lakh metric tonnes of crude salt was produced in the recently ended season. Besides, the surplus salt of last season was 4.33 lakh metric tonnes, the press release reads.

So, against the entire local demand, the total salt reserve of the country is 20.03 lakh metric tonnes. And this is about 1.50 lakh metric tonnes more than the total demand of the country. Of this, by meeting the demands till May of the current financial year, the total stock of salt at the salt field and mill level on June 1, 2020 is 13.68 lakh metric tonnes.

Besides, there are stocks of iodized edible salt at the dealer, wholesaler and retailer level across the country.

Due to the outbreak of Covid-19, industrial production has been disrupted and the demand for industrial salt in the country is relatively low.

The salt production season starts in November every year. As such, there are only 5-6 months left until the start of the new season. Fresh salt will start arriving in the market from then, according to the press statement information. 

With the current reserve of salt, it will be possible to meet the demand for salt for the next 10 months, including that for the processing of animal skins for the upcoming Eid-ul-Azha.

As the new season salt will be available in the market in November this year, there will be surplus salt to meet the national demand for industrial and edible salt.

Consequently, there will be no need to import salt this year, adds the press release.

Bangladesh

Salt / reserve / BSCIC

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Collected
    No govt agency will file cases to harass others to ensure free, fair polls: Law minister
  • No talks with BNP over neutral govt issue: Quader
    No talks with BNP over neutral govt issue: Quader
  • Photo: BSS
    Income Tax Bill 2023 placed in Parliament

MOST VIEWED

  • Photo: Collected
    Taka devalued against dollar by Tk1.5 again
  • Illustration: TBS
    'E-com potential still untapped, needs more investments'
  • Inflation hits decade-high at 9.94% in May
    Inflation hits decade-high at 9.94% in May
  • Export earnings see $1b jump in May
    Export earnings see $1b jump in May
  • Photo: Collected
    Remittance drops in May due to hundi
  • Dhaka-Tongi-Joydebpur railway expansion project cost to rise 294%
    Dhaka-Tongi-Joydebpur railway expansion project cost to rise 294%

Related News

  • AL's Khokon pledges to facilitate BSCIC activities
  • Locally produced packaged salt lacks iodine: Study
  • Locally produced packaged salt lacks iodine: Study
  • India's forex reserves rise for second week, hit over 11-month high
  • Country’s salt production hits 62-year high

Features

Our failure to prevent curious onlookers from gathering around the herds is a hindrance to mitigating human-elephant conflict. Photo: Mohammed Mostafa Feeroz

Bleak and desolate? The future of elephants in northern Bangladesh

5h | Earth
Apple does not need to make mixed reality seem exciting to get customers through its doors. They’re turning up in droves anyway, to buy new iPhones or to visit the Genius Bar for IT support. Photo: Bloomberg

Apple has 520 reasons its $3,499 headset will prevail

7h | Panorama
Md Shamsuddoha. Sketch: TBS

'Extreme heat waves are here to stay'

8h | Panorama
Kestopur’s residents have crafted fans for generations and provided it to Rajbari, Faridpur, Kustia, Madaripur, Dhaka and several other districts. Photo: Masum Billah

Talpakha: When novelty becomes necessity

12h | Panorama

More Videos from TBS

13 helpful tips to negotiate about job

13 helpful tips to negotiate about job

2h | TBS Career
Why did Messi turn away from Europe?

Why did Messi turn away from Europe?

3h | TBS SPORTS
Breaching the Kakhovka dam – who benefits?

Breaching the Kakhovka dam – who benefits?

7h | TBS World
The cost of rechargeable fan is increasing hourly due to heating and load shedding

The cost of rechargeable fan is increasing hourly due to heating and load shedding

10h | TBS Today

Most Read

1
bKash denied permission to pay $4.10 lakh for Argentina football partnership
Banking

bKash denied permission to pay $4.10 lakh for Argentina football partnership

2
Photo: Noor-A-Alam/TBS
Splash

The Night Dhaka did NOT vibe with Anuv Jain

3
Photo: TBS
Energy

2nd unit of Payra power plant to shut down over coal shortage

4
Country's first floating solar power plant connected to national grid
Energy

Country's first floating solar power plant connected to national grid

5
Photo: Screengrab from a video posted by a NSU student
Energy

'Will collapse any moment': NSU teachers, students raise concern after long power outage hit country's largest private uni

6
Photo: Salahuddin Ahmed Paulash/TBS
Energy

LPG price drops by Tk13.42 per kg

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]