Bizdata Insights Main Logo

BizData Insights

Record tea production amping up agro-economy

Industry: Agriculture & Livestock, Agro
Industry Intelligence Tag: Industry insights

Despite the worldwide crises and the Covid-19 outbreak, an all-time high of 17.759 million kilograms (kg) of processed tea worth Taka 284 crore was produced in five northern districts last year.

The production of processed tea last year, which was 17.759 million kg, was up 3.219 million kg from the 14.54 million kg produced in 2021, according to officials with the Bangladesh Tea Board (BTBPanchagarh )’s regional office. In Panchagarh, Thakurgaon, Dinajpur, Nilphamari, and Lalmonirhat districts, plain-land tea cultivation grew despite the world crisis last year.

In these five districts, tea was grown on 12,079 acres of land by owners of nine registered and 21 unregistered tea plantations as well as 8,355 small landowners, who produced more than 90,274 million kg of green tea leaves in 2022.25 companies operating in Panchagarh, Thakurgaon, and Lalmonirhat combined to process the 90.274 million kilograms of green tea leaves, yielding 17.759 million kilograms of processed tea in 2022 which is 22.13 percent increase over production in 2021.

In 2022, five northern districts produced 17.759 million kg of processed tea, which is 18.92 percent of the country’s total production of 93.83 million kg.

 

 

   Source for more details:

The Daily Observer

 

 

Source for more details:

Related News

ACC Files Case Against DAE Officials Over Tk 4.75 Crore Embezzlement

July 27, 2024

The Anti-Corruption Commission (ACC) filed a case against six officials, including a project director from the Department of Agricultural Extension (DAE), over the embezzlement of Tk4.75 crore. The case, filed by an ACC Deputy Director, pertains to fraud in a project to construct a 5-storey office-cum-staff dormitory under the "Upgradation of Existing Plant Quarantine Laboratory at Central Packing House to International Standard (UPQWLAB) Project (1st Revised)" in Dhaka's Shyampur.

Urea Import Faces Uncertainty Due to LC Issues

July 18, 2024

Urea fertiliser imports in Bangladesh are facing challenges as banks struggle to secure dollars for opening letters of credit (LCs). The Bangladesh Chemical Industries Corporation (BCIC), responsible for supplying urea, has had its LC applications frequently rejected due to a dollar shortage.

Expanding Crab Farming in Bangladesh Could Boost Exports

July 18, 2024

Experts at a Dhaka workshop emphasized that expanding crab farming in Bangladesh could significantly boost export earnings, given the rising global demand for crabs. The event, organized under the Resilient Homestead and Livelihood Support to the Vulnerable Coastal People of Bangladesh (RHL) project and funded by the Green Climate Fund (GCF), highlighted the economic benefits for coastal communities and stressed the need for increased research and collaboration between government and non-government sectors.

Prime Bank Partners with Syngenta for Distributor Financing

July 18, 2024

Prime Bank PLC has signed a Memorandum of Understanding (MoU) with Syngenta Bangladesh Limited to offer mortgage-free overdraft loans to Syngenta’s distributors. The agreement enables distributors to access up to BDT 1 crore in financing.

ACC Files Case Against Officials and Sadeeq Agro for Brahman Cattle Issues

July 18, 2024

The Anti-Corruption Commission (ACC) filed a legal action against six government officials and Md Imran Hossain, the owner of Sadeeq Agro, for corruption and violations regarding the sale and import of cattle of the Brahman breed, which are banned in Bangladesh. There they have 2 parties who have committed violations. 

Banks Disburse Tk 30,104 Crore in Farm Loans

July 16, 2024

In the first ten months of FY24, Bangladeshi banks disbursed Tk 30,104 crore in agricultural loans, achieving 86% of the annual target of Tk 35,000 crore. This target represents a 13.6% increase from the previous fiscal year. Loan recoveries reached Tk 28,949 crore, marking a 7.66% year-on-year increase.

Related News

ACC Files Case Against DAE Officials Over Tk 4.75 Crore Embezzlement

July 27, 2024

The Anti-Corruption Commission (ACC) filed a case against six officials, including a project director from the Department of Agricultural Extension (DAE), over the embezzlement of Tk4.75 crore. The case, filed by an ACC Deputy Director, pertains to fraud in a project to construct a 5-storey office-cum-staff dormitory under the "Upgradation of Existing Plant Quarantine Laboratory at Central Packing House to International Standard (UPQWLAB) Project (1st Revised)" in Dhaka's Shyampur.

Urea Import Faces Uncertainty Due to LC Issues

July 18, 2024

Urea fertiliser imports in Bangladesh are facing challenges as banks struggle to secure dollars for opening letters of credit (LCs). The Bangladesh Chemical Industries Corporation (BCIC), responsible for supplying urea, has had its LC applications frequently rejected due to a dollar shortage.

Expanding Crab Farming in Bangladesh Could Boost Exports

July 18, 2024

Experts at a Dhaka workshop emphasized that expanding crab farming in Bangladesh could significantly boost export earnings, given the rising global demand for crabs. The event, organized under the Resilient Homestead and Livelihood Support to the Vulnerable Coastal People of Bangladesh (RHL) project and funded by the Green Climate Fund (GCF), highlighted the economic benefits for coastal communities and stressed the need for increased research and collaboration between government and non-government sectors.

Prime Bank Partners with Syngenta for Distributor Financing

July 18, 2024

Prime Bank PLC has signed a Memorandum of Understanding (MoU) with Syngenta Bangladesh Limited to offer mortgage-free overdraft loans to Syngenta’s distributors. The agreement enables distributors to access up to BDT 1 crore in financing.

ACC Files Case Against Officials and Sadeeq Agro for Brahman Cattle Issues

July 18, 2024

The Anti-Corruption Commission (ACC) filed a legal action against six government officials and Md Imran Hossain, the owner of Sadeeq Agro, for corruption and violations regarding the sale and import of cattle of the Brahman breed, which are banned in Bangladesh. There they have 2 parties who have committed violations. 

Banks Disburse Tk 30,104 Crore in Farm Loans

July 16, 2024

In the first ten months of FY24, Bangladeshi banks disbursed Tk 30,104 crore in agricultural loans, achieving 86% of the annual target of Tk 35,000 crore. This target represents a 13.6% increase from the previous fiscal year. Loan recoveries reached Tk 28,949 crore, marking a 7.66% year-on-year increase.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here