Panic in Bangladesh, business shaky
Fate of the investors of the Tk 100 billion (€1.1 billion) in the
country's poultry industry has become uncertain after bird flu outbreak in
Due to the bird flu panic, all hopes of 200,000 poultry farm owners have
been shattered as selling price have decreased to lower than production
Over 500 farm owners have already sold their chickens at throwaway prices.
Meanwhile, loan distributing organisations, including banks and NGOs, are also
uncertain about loans.
The production cost
per 100 eggs is Tk 320 (€3.5), but, in reality are selling between Tk
250-260 (€2.75-2.86) in the wholesale market against its previous price of Tk
350-360 (€3.85-3.97). The price of 1 kg chicken has also decreased by Tk 20
(€0.22) to Tk 25 (€0.28).
the export of eggs and dressed chickens has been halted. Meanwhile, Ranikhet
(New Castle) disease is affecting poultry birds alongside the bird flu,
resulting in a huge loss.
The poultry industry has developed in the country,
particularly in Savar and Gazipur, on a massive scale in the last decade,
providing jobs for about 5 million people. Approximately 25% of the total
poultry farms have been set up in the area during that period.
Industries centred around poultry
feed mills, veterinary, hatchery and transport businesses have been established
in the country depending on the poultry farms. Maize cultivation has increased
to meet the increasing demand of poultry feed. Different banks and NGOs have
also distributed loans among the poultry farm owners and maize cultivators to
boost up the industry.
President of Bangladesh Egg Producers' Association Taher Ahmed said most of
the farm owners are now burdened with huge debt as the industry is running
mostly on loans.
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