The ongoing US dollar shortage in Bangladesh has led to higher prices for locally grown oranges and malta as the availability of imported alternatives decreases. Farmers are experiencing increased demand, with prices rising to around Tk 100 per kilogram, compared to Tk 70-80 previously.
The forex crunch has restricted letters of credit for non-essential items and increased import costs due to local currency devaluation. Consequently, importers are buying fewer foreign fruits, boosting demand for locally produced oranges and malta. Cultivation of these fruits has expanded across several districts, totaling 108 orchards on approximately 400 acres of land, producing about 4,500 tonnes annually. Farmers maintain a profit margin of around 60% after expenses.