Bizdata Insights Main Logo

BizData Insights

High price of corn in Thakurgaon

Industry: Agriculture & Livestock, Agro

The cultivation of maize has been on the rise among marginal farmers in Thakurgaon, northern Bangladesh, due to its higher yield and better prices compared to other crops. This year, maize cultivation has reached a record high in the district, surpassing the past five years. However, despite the increase in cultivation, maize farmers are dissatisfied this time around. The region’s favorable climate for corn cultivation and the higher demand and prices for maize have led farmers to prioritize this crop over others.

The Department of Agricultural Extension in Thakurgaon reports that maize cultivation has expanded over the years, with a target production of 385,000 metric tons this season. However, farmers express concerns about the current low market prices of maize, which hinder their profitability. They highlight the high costs of inputs such as fertilizers, seeds, pesticides, and labor, and call for higher prices to incentivize maize cultivation. Maize traders confirm the decline in prices compared to the previous season. While maize cultivation continues to grow due to its high yield and demand, farmers hope for improved market prices and government support to make maize farming more profitable.

Source for more details:

Related News

Apex Foods Proposes Exporting Processed White Fish to Europe

February 18, 2024

Apex Foods Limited, a shrimp exporter in Chattogram, plans to enter the processed white fish market in Europe and Russia. They aim to import, process, and export white fish, seeking duty-free facilities from the government. Despite facing regulatory hurdles, a recent meeting initiated the formation of a technical committee to facilitate import approval.

Govt Plan to Establish National Plant Quarantine Authority

February 15, 2024

Bangladesh plans to establish a National Plant Quarantine Authority to enhance agricultural exports, aligning with WTO's SPS Agreement. Currently, it exports to 144 countries. In FY 2021-22, exports generated $1.16 billion, up by 13.04%, but decreased to $840 million in FY 2022-23. Notably, FY 2020-21 saw exports exceeding $1 billion for the first time.

Govt Issues Tk 2,357 Crore Bonds to Settle Fertiliser Importers’ Arrears

February 15, 2024

The Finance Division issued special bonds worth Tk 2,357 crore to clear arrears for fertilizer importers, following a previous batch of Tk 3,016 crore issued earlier. This move aims to settle outstanding payments to suppliers and power producers. The bonds, totaling Tk 26,000 crore, will gradually address these debts.

Banks Disburse Tk 18,326 Crore in Agricultural Loans

February 11, 2024

Banks disbursed Tk 18,326 crore in agricultural loans from July to December FY23-24, comprising over half of the fiscal year's target. The FY24 target is Tk 35,000 crore, 13.6% higher than the previous year. Recoveries totaled Tk 17,779 crore, surpassing the previous year.

iFarmer Partners with Chartered Life Insurance

February 10, 2024

iFarmer Limited has partnered with Chartered Life Insurance to provide insurance coverage for its permanent and contractual employees and their families. The agreement includes medical expense benefits for permanent employees, spouses, one child, and parents over 69 years old. Additionally, temporary employees will receive life insurance and hospital accommodation benefits per their contract.

Nahar Agro Set to Invest Tk150 Crore for Poultry Business

February 6, 2024

Nahar Agro, a Chattogram-based agro farm, plans to invest Tk150 crore to expand its poultry business and enter the egg market with around 10 lakh daily supply by 2025. The farm, which currently produces nearly 2.5 lakh hatching eggs a day, aims to fill the gap in production and reduce prices. The company aims to supply two lakh eggs per day by this year, increasing to 10 lakhs by next year. The expansion plan will create around 1,000 new jobs and produce 50-60 tonnes of environmentally friendly biofertilizer per day.

Related News

Apex Foods Proposes Exporting Processed White Fish to Europe

February 18, 2024

Apex Foods Limited, a shrimp exporter in Chattogram, plans to enter the processed white fish market in Europe and Russia. They aim to import, process, and export white fish, seeking duty-free facilities from the government. Despite facing regulatory hurdles, a recent meeting initiated the formation of a technical committee to facilitate import approval.

Govt Plan to Establish National Plant Quarantine Authority

February 15, 2024

Bangladesh plans to establish a National Plant Quarantine Authority to enhance agricultural exports, aligning with WTO's SPS Agreement. Currently, it exports to 144 countries. In FY 2021-22, exports generated $1.16 billion, up by 13.04%, but decreased to $840 million in FY 2022-23. Notably, FY 2020-21 saw exports exceeding $1 billion for the first time.

Govt Issues Tk 2,357 Crore Bonds to Settle Fertiliser Importers’ Arrears

February 15, 2024

The Finance Division issued special bonds worth Tk 2,357 crore to clear arrears for fertilizer importers, following a previous batch of Tk 3,016 crore issued earlier. This move aims to settle outstanding payments to suppliers and power producers. The bonds, totaling Tk 26,000 crore, will gradually address these debts.

Banks Disburse Tk 18,326 Crore in Agricultural Loans

February 11, 2024

Banks disbursed Tk 18,326 crore in agricultural loans from July to December FY23-24, comprising over half of the fiscal year's target. The FY24 target is Tk 35,000 crore, 13.6% higher than the previous year. Recoveries totaled Tk 17,779 crore, surpassing the previous year.

iFarmer Partners with Chartered Life Insurance

February 10, 2024

iFarmer Limited has partnered with Chartered Life Insurance to provide insurance coverage for its permanent and contractual employees and their families. The agreement includes medical expense benefits for permanent employees, spouses, one child, and parents over 69 years old. Additionally, temporary employees will receive life insurance and hospital accommodation benefits per their contract.

Nahar Agro Set to Invest Tk150 Crore for Poultry Business

February 6, 2024

Nahar Agro, a Chattogram-based agro farm, plans to invest Tk150 crore to expand its poultry business and enter the egg market with around 10 lakh daily supply by 2025. The farm, which currently produces nearly 2.5 lakh hatching eggs a day, aims to fill the gap in production and reduce prices. The company aims to supply two lakh eggs per day by this year, increasing to 10 lakhs by next year. The expansion plan will create around 1,000 new jobs and produce 50-60 tonnes of environmentally friendly biofertilizer per day.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here