Bizdata Insights Main Logo

BizData Insights

Maize price low despite bumper yield

Industry: Agriculture & Livestock, Agro

Farmers in the Phulchari upazila of Gaibandha are not happy with their bumper yield of maize due to low market prices this year. Despite favourable weather, marginal farmers are disappointed with the low prices of their crop. They are forced to sell their produce at a cheap price to local traders due to high transportation costs from remote villages to the district centre.

Additionally, they are unable to store maize in the flood-affected area. Farmers are concerned about repaying loans they took from NGOs to cover cultivation costs. The lack of a proper communication system has left them unable to transport their crops to be sold for a fair price.

Source for more details:

Related News

BRAC Bank Partners with Manufarms to Offer Digital Microloans

July 9, 2024

BRAC Bank has partnered with Manufarms to provide agricultural financing to poultry farmers via SME digital microloans through the "Poultry Manager" app. This initiative aims to share experience, finance Manufarms-affiliated poultry farmers, offer technological assistance, ensure food safety, and empower the financial sector with data for sustainable development.

Govt Allows Import of Over 2.16 Million Vannamei Shrimp Seeds

July 8, 2024

The Bangladeshi government has approved the importation of over 2.16 million non-native vannamei shrimp seeds from India for commercial cultivation. These seeds, known as "Live White Shrimp-PL (Litopenaeus Vannamei)," are designated solely for producing new seeds. Previously, the government had also permitted the importation of over 5.11 million seeds of the same variety.

Wheat Imports Reached 6.8 Million Tonnes

July 8, 2024

Bangladesh's wheat imports reached a record 6.8 million tonnes in FY24, driven by lower international prices and increased local demand. This marks a 74% year-on-year increase, with the private sector responsible for over 88% of imports. Despite the surge in imports, consumer benefits were minimal,

Agricultural Loan Disbursement Fell by 7.13%

July 6, 2024

Agricultural loan disbursement in Bangladesh fell by 7.13% in May 2024 compared to April, according to Bangladesh Bank data. However, from July 2023 to May 2024, there was a 13.65% year-on-year increase in agricultural and rural credit, rising to Tk 332.96 billion from Tk 292.97 billion in the same period the previous year. The outstanding balance with interest on these loans reached Tk 563.31 billion, a 10.32% increase from FY23.

NBR Requests Sadeeq Agro’s Bank Details for Investigation

July 4, 2024

The Central Intelligence Cell of Bangladesh's revenue board has directed all banks to provide bank details of Sadeeq Agro Limited (SAL) and its owners within a week. SAL, established in 2017, faces scrutiny for not submitting tax returns despite fines from Tax Zone-2.

Govt Plans to Buy One LNG Cargo and 70,000 MTs of Fertilizer

July 4, 2024

The Cabinet Committee on Government Purchase (CCGP) approved several procurement proposals to meet Bangladesh's growing demands. The Energy and Mineral Resources Division will procure one cargo of LNG from M/S Excelerate Energy, LP, USA, costing around Tk 6.09 billion, with LNG priced at $13.55 per MMBtu.

Related News

BRAC Bank Partners with Manufarms to Offer Digital Microloans

July 9, 2024

BRAC Bank has partnered with Manufarms to provide agricultural financing to poultry farmers via SME digital microloans through the "Poultry Manager" app. This initiative aims to share experience, finance Manufarms-affiliated poultry farmers, offer technological assistance, ensure food safety, and empower the financial sector with data for sustainable development.

Govt Allows Import of Over 2.16 Million Vannamei Shrimp Seeds

July 8, 2024

The Bangladeshi government has approved the importation of over 2.16 million non-native vannamei shrimp seeds from India for commercial cultivation. These seeds, known as "Live White Shrimp-PL (Litopenaeus Vannamei)," are designated solely for producing new seeds. Previously, the government had also permitted the importation of over 5.11 million seeds of the same variety.

Wheat Imports Reached 6.8 Million Tonnes

July 8, 2024

Bangladesh's wheat imports reached a record 6.8 million tonnes in FY24, driven by lower international prices and increased local demand. This marks a 74% year-on-year increase, with the private sector responsible for over 88% of imports. Despite the surge in imports, consumer benefits were minimal,

Agricultural Loan Disbursement Fell by 7.13%

July 6, 2024

Agricultural loan disbursement in Bangladesh fell by 7.13% in May 2024 compared to April, according to Bangladesh Bank data. However, from July 2023 to May 2024, there was a 13.65% year-on-year increase in agricultural and rural credit, rising to Tk 332.96 billion from Tk 292.97 billion in the same period the previous year. The outstanding balance with interest on these loans reached Tk 563.31 billion, a 10.32% increase from FY23.

NBR Requests Sadeeq Agro’s Bank Details for Investigation

July 4, 2024

The Central Intelligence Cell of Bangladesh's revenue board has directed all banks to provide bank details of Sadeeq Agro Limited (SAL) and its owners within a week. SAL, established in 2017, faces scrutiny for not submitting tax returns despite fines from Tax Zone-2.

Govt Plans to Buy One LNG Cargo and 70,000 MTs of Fertilizer

July 4, 2024

The Cabinet Committee on Government Purchase (CCGP) approved several procurement proposals to meet Bangladesh's growing demands. The Energy and Mineral Resources Division will procure one cargo of LNG from M/S Excelerate Energy, LP, USA, costing around Tk 6.09 billion, with LNG priced at $13.55 per MMBtu.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here