Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Sunday, May 19, 2019 11:02:21 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Farmers unnerved by depressed paddy prices

Restriction on rice import sought

Economists suggest for buffer stock

Share your thought
Post a comment »
Read all () »

Kazi Zahidul Hasan :
The government should impose immediate restriction on rice import to fairly deal with the depressed local paddy prices that causes difficulties for farmers, economists said on Sunday.
They feared that paddy prices might fall further if no steps were taken immediately to curb the rice import.
If a farmer sells paddy at the current market rate, which is Tk500 to Tk 600, he will lose Tk 300 to Tk 400 per maund.
"Production cost of per mound rice is about Tk 906.50," according to the Ministry of Food and Rice Mill Owners Association.  
"Rice importation needs some sort of restriction in view of falling paddy prices. The bumper paddy production in this season is sufficient to feed the nation," Dr Moinul Islam, an economics professor at the University of Chittagong told The New Nation yesterday.
He said that farmers made a good harvest, but they are unable to sell their produce at a reasonable price because of the imports. "Big millers and middlemen made profit by forcing farmers to sell their produce at lower prices."
"The government should create a buffer stock of rice buying it directly from the farmers. The stock can be sold to poor people at subsidized rate through open market sale. Such a measure can help protect farmers' interest as well.
This can also help curb the market syndication of the large milers and wholesalers," added Prof Moinul Islam.
Dr Moinul Islam, a former chairperson of Bangladesh Economist Association (BEA) also cited that India and Vietnam are rice surplus country. Both the countries are applying such technique to help the pappy growers.
"Rice import despite surplus paddy production are   pushing the local paddy prices low," Economist Dr Jamaluddin Ahmed told The New Nation.
He said, loophole in distribution mechanism is another cause for the current market prices of paddy.
"A proper distribution system is a must to counter the nexus of big rice millers and middlemen to ensure fair paddy prices," he noted.   
Dr Jamal Uddin, who is also a Director of Bangladesh Bank's Board, mentioned that procurement of paddy must be done directly from farmers to help growers get a good price of their produce.
He also observed that though paddy farming is becoming costly, farmers have limited access to credit facilities. So, the government should allow all the farmers to get easy-term loan to grow paddy.
According to the Ministry of Food, in the last 10 months of the current fiscal year, government and private importers imported 2.0 lakh metric tonnes of rice. More 3.80 lakh metric tonnes are in the import pipeline.
In the last one and half months, about 15,000 metric tonnes of Indian rice entered Bangladesh through Hili land port being imported by private parties.   
Until March last year, there were 13.67 lakh metric tonnes of rice in the government's warehouse and it was sufficient to meet any emergency.
"Rice production has become costly in Bangladesh and that has created the problem. We have to adopt mechanization in rice farming to reduce the production cost. Otherwise, farmers will be deprived from fair prices." Dr Ahsan H Mansur, Executive Director of Policy Research Institute (PRI) told The New Nation.
 He said Bangladesh could be a rice export if automation is done in paddy cultivation and harvesting. "We will be able to get the edge like Thailand and Vietnam in export market once the mechanization is introduced in the farming."  When asked, he said, "A high import duty is put in place in rice import. And further curb in import is the government's political decision."   
"Bangladesh witnessed a rice glut following bumper paddy production for the last couple of years and huge entry of imported rice. This has led to drastic fall in paddy prices depriving farmers from getting fair prices of their produces," Dr ATM Shafiquil Islam, a Professor at the Hajee Mohammad Danesh Science and Technology University told The New Nation.
He warned that if rice import is not restricted, the country's agro-economy will face a disaster soon.

Add Rate

News Archive

Inside The New Nation

Sports »

Toronto Raptors' Kawhi Leonard shoots between Milwaukee Bucks' Brook Lopez and Ersan Ilyasova during the second half of Game 2 of the NBA Eastern Conference basketball playoff finals in Milwaukee on Friday. The Bucks won 125-103 to take a 2-0 lead in the series.

Cricket »

Tri-Nation Series win a boost for Tigers in World Cup

Bangladesh got a timely boost ahead of the World Cup journey, as they ended the final jinx, whacking West Indies past by five wickets, a victory that captain Mashrafe Bin Mortaza cited as 'confidence booster' to chase any kind of total.Having set a 210 runs to victory in 24 overs ...

Editorial »

Assault on freedom of speech

THE New York-based Human Rights Watch on Friday slammed Bangladesh authorities following the recent arrests of some dignified persons under much-debated Digital Security Act. The HRW pointed finger about the raising worries among the common people over the freedom of speech and freedom of expression. According to media reports, poet ...

International »

Maduro hails start of Norway-brokered talks with opposition

AFP, Caracas : President Nicolas Maduro welcomed Friday the "beginning of talks" with the Venezuelan opposition in Norway, after months of bloody clashes between the two sides. "The talks have begun nicely to move toward agreements of peace, agreement and harmony, and I ask for the support of all Venezuelan people to ...

International »

Australian election vote count reveals close contest

AP, Canberra :The vote count in Australia's general election on Saturday was proving closer than opinion polls had predicted, with the ruling conservative coalition appearing more likely to form a government than the favored center-left opposition party.Opposition Labor Party deputy leader Tanya Plibersek had said in early counting that she ...

City »

BNP Standing Committee Member Barrister Jamir Uddin Sircar speaking at a press conference at the party central office in the city's Nayapalton on Saturday demanding release and proper treatment of BNP Chief Begum Khaleda Zia.

Entertainment »

Tragedy hits the sets of Amitabh,Chiranjeevi's next

Last week, a fire on the sets of Amitabh Bachchan and Chiranjeevi starrer Sye Raa Narasimha Reddy erupted, However, no one was hurt during it. But seems like another tragedy has struck the sets of the film. This week a 38-year-old Russian actor named Alexander died on set due to ...

Editorial »

China can`t be a bystander when Rohingya crisis turns critical

BANGLADESH Foreign Minister on Thursday stressed the need for strong support of China for resolving the prolonged Rohingya crisis with early repatriation of the displaced people. China's strong support would be necessary so that 'Myanmar moves in the right direction for resolving the Rohingya crisis,' the Minister told Chinese ambassador ...

City »

Secretary General of Manik Mia Foundation Syed Tosharaf Ali presented key speech at a discussion on 'Problems of Banking Sector' at the conference room of the Foundation at the Ittefaq Bhaban in the city on Friday with Prof Abul Kashem Fazlul Haque in the chair. The discussion was also addressed, among others, by Probir Dutta, Taposh Pramanik, Zakir Hossain Didar, Nasirul Haque Nabab, Rafiqul Islam Liton, Dr Sadiqur Rahman, Suvash Bhattachariya, Hari Prosad Mitra, Shafiqul Islam and Chitta Francis Rebeiro. After the discussion the participants were given Iftar.


International »

Taiwan legislature approves Asia's first same-sex marriage law

AFP, Taiwan : Taiwan's parliament legalised same-sex marriage on Friday in a landmark first for Asia as the government survived a last-minute attempt by conservatives to pass watered-down legislation.Lawmakers comfortably passed a bill allowing same-sex couples to form "exclusive permanent unions" and another clause that would let them apply for ...

Entertainment »

Purnima to start again shooting of Gunchil after Eid

Entertainment Report :Last year Noim Imtiaz Neyamul started shooting of movie Gunchil casting Purnima. Story of the movie is based on General Secretary of Awami League Obaidul Quader written novel Gunchil. While taking part in shooting in Noakhali Purnima was seriously injured due to playing scooty in the spot. Later ...

Editorial »

Increase of project cost should be avoided

NEWSPAPERS reported on Wednesday that renovation costs of 2nd Kanchpur, Meghna and Gumti bridges, expected to open for vehicular movement before Eid-ul Fitr, lastly went up to Tk 78.2 crore. The Finance Minister himself disclosed this while approving the escalated cost at a meeting of the Cabinet Committee on national ...

City »

Ittehad Sahitya Parishad formed a human chain in front of the Jatiya Press Club on Thursday in protest against writing and telling 'Bengali' distorting 'Bangla' in the name of translation.


Entertainment »

Aupee becomes model of Adity’s studio boutique

Entertainment Report :Few years ago, with the interest of her husband popular actor Ziaul Faruk Apurba fashion designer Nazia Hasan Adity started a studio boutique, Adriana. Within very short time the studio boutique came into discussion. As a fashion designer, fame of Adity increased. Now many celebrities are showing their ...

International »

Sri Lanka forces on patrol after anti-Muslim riots

AFP, Colombo :Troops and police patrolled parts of Sri Lanka on Thursday as international pressure mounted on Colombo to contain anti-Muslim riots that killed one man in a backlash against the Easter terror attacks.Military spokesman Sumith Atapattu said there were no incidents of violence in the 24 hours ending Thursday ...

Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Write a comment to this news