Bangladesh: Farmers happy getting bumper groundnut output in Rangpur

Published May 23, 2021

Tridge summary

Farmers in the Rangpur agricultural region have reported significant profits from groundnut cultivation during the recent Rabi season, with some areas seeing up to 28 mounds of production per acre. Despite producing 877 tonnes less than the target, the lucrative market price and low farming costs have made groundnut cultivation profitable for farmers and char communities for the past 12 years. These communities have seen increased demand for groundnut due to its use in the confectionery and bakery industries, as well as exports, leading to plans to expand cultivation further.

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Original content

RANGPUR, May 23, 2021 (BSS) – Farmers, both in the mainland and char areas, are happy getting bumper production of groundnut with lucrative market price during the just-ended Rabi season in Rangpur agriculture region. Officials of the Department of Agricultural Extension (DAE) and market sources said farmers are earning average profit of Taka 40,000 by producing 25 to 28 mounds of groundnut per acre of land excluding farming costs of Taka 20,000 per acre. “Farmers are selling newly harvested groundnuts to wholesalers at rates between Taka 2,800 to 3,000 per mound (every 40-kg) now,” groundnut trader Mokhlesur Rahman at Rangpur City Bazar told BSS. The DAE had fixed a target of producing 12,161 tonnes of groundnut from 6,160 hectares of land of all five districts in the region this time,” said Agriculturist Bibhubhushan Roy, Rangpur Regional Additional Director of the DAE. “However, the growers finally cultivated groundnut on 5,758 hectares of land, less by only 402 hectares of ...

Source: Bangladesh Sangbad Sanstha