Dhaka, Bangladesh (BBN)– Coal imports from India has resumed after a three-month hiatus, at a higher agreed price.
Six trucks carrying about 70 tons of coal from the Indian state of Meghalaya entered via the Tamabil land custom station of Sylhet on Monday, market operators said, adding that imports through the five other stations will start by this week.
The Meghalayan authorities increased the rate of coal to $90 a tone in the last week of June this year from $60, without consulting the Bangladeshi importers.
The importers suspended trade protesting the sudden price hike.
“We sat at a meeting with the Indian exporters on Monday, where we agreed on the rate of $75 a tone,” Falah Uddin Ahmed, President of Sylhet Coal Importers Group, told The Daily Star, a local newspaper.
Almost two-thirds of the total coal imports, about 1.5 million tones, are brought in through the six land custom stations in Sylhet region.
BBN/SSR/AD-02Oct12-11:40 am (BST)
