Bangladesh: Export of vegetables falls 64pc in Jul-Nov

Published 2020년 12월 20일

Tridge summary

The article highlights a significant decrease in Bangladesh's vegetable exports in the initial five months of the current fiscal year, with earnings dropping by 64% to $45 million compared to the same period in the previous year. This decline is attributed to high local market prices and a shortage of European Union bound air cargos, which are crucial for exporting agricultural products. The high prices of several vegetables, especially between July and November, and the absence of dedicated air cargo for exporting agriculture products have been key factors in achieving only a quarter of the government's target earnings of $230 million.

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Original content

Export of vegetables witnessed a sharp fall in the first five months of the current fiscal year (FY) due to high prices in the local market and lack of European Union bound air cargos amid Covid pandemic, insiders said. The export earnings stood at only US$ 45 million in the July-November period of FY 2020-21, according to the figures of Export Promotion Bureau (EPB). It showed that the earnings from export of vegetables fell 64 per cent from $ 124 million of the corresponding period of last FY. Overall income from vegetable exports was a record at $164 million in the FY'20. The government has set a target to earn $ 230 million from vegetable shipments, which is unlikely to be achieved, said the exporters. Shariful Alam, proprietor of Sohan Enterprise, said the shipments were made mainly to the Middle-Eastern countries, Malaysia and Nepal while more than half of the consignments were comprised of potato. Except for cabbage, other veggies like country bean, brinjal, pointed gourd ...

Source: The Financial Express