Rice Marketing Scenario in Bangladesh
Marketing Scenario of Rice in Bangladesh
Md. Reza Ahmed Khan, Department of Agricultural Marketing
Rice is the staple food of around 162.2 million people of Bangladesh and with the green revolution, subsequent liberalization policies, and introduction of HYV or MV rice has turned a dependent nation into almost self dependent in respect of food grain production. The country produces around 27-28 million tons of rice annually, against the requirement of around 30 million tons of rice. An insignificant amount of Aromatic rice is also exported. The country requires around 5 million tons of wheat against the production of around 2.5 million to 3 million tons. In a nut shell to meet the local demand of food grain Bangladesh need to import 2-3 million tons of rice and 2-2.5 million tons of wheat yearly. In overall, agricultural production planning has turned to market oriented or market driven approach with little exception to the rice production for obvious reason of local food security particularly in turn of the global crises in the food grain market during the 2008-2010 period. Unlike the previous crises, the recent one showed that even money is not always enough to buy a particular produce from the world markets if the crises is too pervasive. Even the exporting country might need to restrict export for won security. In respect of open and free market economy, (from global to regional to local level) performance of the marketing system of any agricultural produce whether public or private will denote the market stability and consumer satisfaction completing and helping to continue the economic production cycle of any commodity. Particularly in the developing countries public food procurement and distribution systems are common as tools of providing market stability and meeting emergency.
The General Picture of Rice Marketing
The scenario should trace from the supply side up to the market clearance meeting the local demand and emergency need through both of
Md. Reza Ahmed Khan, Department of Agricultural Marketing
Rice is the staple food of around 162.2 million people of Bangladesh and with the green revolution, subsequent liberalization policies, and introduction of HYV or MV rice has turned a dependent nation into almost self dependent in respect of food grain production. The country produces around 27-28 million tons of rice annually, against the requirement of around 30 million tons of rice. An insignificant amount of Aromatic rice is also exported. The country requires around 5 million tons of wheat against the production of around 2.5 million to 3 million tons. In a nut shell to meet the local demand of food grain Bangladesh need to import 2-3 million tons of rice and 2-2.5 million tons of wheat yearly. In overall, agricultural production planning has turned to market oriented or market driven approach with little exception to the rice production for obvious reason of local food security particularly in turn of the global crises in the food grain market during the 2008-2010 period. Unlike the previous crises, the recent one showed that even money is not always enough to buy a particular produce from the world markets if the crises is too pervasive. Even the exporting country might need to restrict export for won security. In respect of open and free market economy, (from global to regional to local level) performance of the marketing system of any agricultural produce whether public or private will denote the market stability and consumer satisfaction completing and helping to continue the economic production cycle of any commodity. Particularly in the developing countries public food procurement and distribution systems are common as tools of providing market stability and meeting emergency.
The General Picture of Rice Marketing
The scenario should trace from the supply side up to the market clearance meeting the local demand and emergency need through both of