Bangladesh: Government sets price of agro-products with highest profit for farmers

Published 2021년 11월 27일

Tridge summary

The government of Bangladesh has introduced the Agriculture Marketing Policy-2021 to ensure that farmers, wholesalers, and retailers can make a reasonable profit. The Directorate of Agriculture Marketing (DAM) has set a separate profit rate for each group for various agricultural products and fruits. However, an agricultural economist has raised concerns about the possibility of farmers receiving the expected price set by the DAM. The policy also requires open display of wholesale and retail prices, keeps track of commodity prices by the Directorate of National Consumer Rights Protection, and mandates a license for trading agricultural products. A national agricultural marketing coordination committee will be formed to oversee the implementation of the policy across the country.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The government has set the logical price of some agricultural products at production, wholesale and retail levels so that the highest rate of profit can be ensured for farmers. Under the Agriculture Marketing Policy-2021, issued this month, the Directorate of Agriculture Marketing (DAM) has set a separate rate of profit for farmers, wholesalers and retailers, DAM sources said. According to the policy, farmers who produce paddy, rice, wheat, maize and other food grains can set the price of their produce by adding 30% to the production cost while wholesalers can make 15% and retailers 25% profit. The rate of profit has also been set for various other agro-products including jute, tea, cotton, tobacco, lentils, all kinds of fish (fresh, dried and frozen), egg, milk, juice, pickle and chips. For fruits, the DAM keeps the option of 30% profit at farmer and retailer level and 20% profit at the wholesale level. Besides, the producers are allowed to make the highest 40% profit by selling ...

Source: TBS