Bangladesh reports fall in cement export for 7MFY19

Bangladesh's cement industry recorded a fall of 15.27 per cent in export revenue to US$6.55m during the first seven months of FY18-19 (July-January, 2019) compared to US$7.73m, earned in the same months last year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products.
 
The seven months export is also short of target by 18.54 per cent set by the government for the 7MFY19, ie US$8.04m.
 
Bangladesh's government has set an export target of US$14m for cement industry for the FY18-19 (July 2018-June 2018), against US$12.59m from last fiscal year. The target was based on anticipation of 11.2 per cent growth in export of cement.
 
Presently, cement is reportedly being exported to India, Myanmar, Nepal, Maldives and Sri Lanka.