Bangladesh rice price not falling despite high production amid calamities

Published 2021년 6월 15일

Tridge summary

Bangladesh has ranked third in rice production among countries, according to the UN's Food and Agriculture Organisation's 'Global Food Outlook-June 2021' report, despite natural calamities such as cyclones Amphan and Yaas. The country produced 36.5 million tonnes of rice in 2019 and 37.8 million tonnes in 2021. However, despite increased production, rice prices have not decreased and farmers are not receiving the government-announced prices. Meanwhile, beef production may decrease due to reduced consumption during the pandemic, but imports of nutritious food like edible oil have increased and are expected to further increase this year.

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

Original content

Bangladesh was hit hard by Amphan last year right before monsoon followed by floods four times. Although cyclone Yaas did not strike Bangladesh, it, however, affected the coastal areas. Despite these catastrophes, the country’s farmers have astounded the world as Bangladesh ranked third, overtaking Indonesia among the highest rice producing countries. A report titled ‘Global Food Outlook-June 2021’ published by UN’s Food and Agriculture Organisation (FAO) revealed the information this week. The report says, despite a series of natural calamities, Bangladesh produced 36.5 million tonnes of rice in 2019. The country ranked third, leaving behind Indonesia for the first time that year. Bangladesh secured third position in 2020 as well despite natural calamities. The production was 37.4 million tonnes and it increases to 37.8 million tonnes in 2021. On the other hand, Indonesia has been trying to boost their production to beat Bangladesh again. Their production increased by 6 per cent ...

Source: Daily Prothom Alo