BPA Alleges Tk 59.20 Billion Syndicate Profits

Industry: Poultry & Livestock

The Bangladesh Poultry Association (BPA) accused major companies of dominating the poultry market and extracting an extra Tk 59.20 billion in profits through syndicates controlling the feed and chicken sectors. This market manipulation has severely affected marginal farmers, causing many to shut down their farms, and has led to higher prices for consumers. BPA President Suman Hawladar pointed out the significant price disparity between Bangladesh and neighboring India, where production costs are much lower. In response, the BPA has outlined a seven-point plan to support farmers and regulate prices, including offering collateral-free loans, capping the prices of day-old chicks and poultry feed, and issuing ID cards for poultry traders and farmers. The association also called for a review of contract farming practices and corporate poultry production.

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