Challenges in the agricultural sector: agricultural economists and agricultural scientists exchanged views with National News Journalist. Event attended by the Director General of Bangladesh Institute of Animal Resources, Dr Jahangir Alam, a former director general of the Bangladesh Rice Research Institute Dr Alauddin PK, Dr. Jiban Krishna Biswas and CSRL Coordinator Prodip Kumar Roy.
Agricultural seed is the cornerstone of food security for a developing nation. Bangladesh being a typical agrarian economy is thus dependent on a steady supply of seed. With a high population density the government priortizes a high agricultural output. The current reality is that high yielding varieties of seed are being promoted into the country’s agricultural system through various sources. This study is an attempt to analyze the situation of seed business in the context of Bangladesh. Particularly the trend of seed business and role of stakeholders. The study intends to shed light on possible options for future courses of action.
Enhancing Growth and Equity in Bangladesh Agriculture: a Review of Policy Stands and Recent Interven
Agriculture is regarded the lifeline of the Bangladesh economy. As the largest private enterprise in Bangladesh, agriculture (crops, livestock, fisheries and forestry) contributes about 23.50% of the GDP and seems to have managed to feed 150 million people of the country. The sector sustains the livelihood of about 52% of the labor force and remains a major supplier of raw materials for agro‐based industries.
CSRL organize a policy adda on 25 January 2017 about Commodity Market . First CSRL want to thanks our resource person Mr. Habibur Rahman (Bangladesh Institute of Bank Management) to explain us about Commodity Market and it’s opportunity in Bangladesh.
A commodity market is a place where buyers and sellers can trade any homogenous good in bulk. Grain, precious metals, electricity, oil, beef, orange juice and natural gas are traditional examples of commodities, but foreign currencies, emissions credits, bandwidth, and certain financial instruments are also part of today’s commodity markets. A market will flourish for almost any commodity as long as there is an active pool of buyers and sellers.
Commodities are split into two types: hard and soft commodities. Hard commodities are typically natural resources that must be mined or extracted (such as gold, rubber and oil), whereas soft commodities are agricultural products or livestock (such as corn, wheat, coffee, sugar, soybeans and pork). Each and every product should categorize/standardization for fare pricing.
There are numerous ways to invest in commodities. An investor can purchase stock in corporations whose business relies on commodities prices, or purchase mutual funds, index funds or exchange-traded funds (ETFs) that have a focus on commodities-related companies. The most direct way of investing in commodities is by buying into a futures contract. A futures contract obligates the holder to buy or sell a commodity at a predetermined price on a delivery date in the future. In every country should have Trading Commission to regulate commodity futures and options markets. Country Trading Commission objective is to promote competitive, efficient and transparent markets that help protect consumers from fraud, manipulation and unscrupulous practices.
There is no Commodity Market in Bangladesh. Here it can be product base commodity exchange. Investor, Bank, producer, whole-seller, warehouse owner, transport company, collateral management company should take ownership and create a Commodity Market exchange. Chain benefit should show to these interest group to make it happen. Tea Board is a good example in Bangladesh. We can utilize UP cyber center, local market and NGO sector to make it happen
An agriculture based country, Bangladesh deserves high priority in this sector with a view to augment agricultural productivity resulting the increase of agricultural as well as economic growth. This straightly indicates the necessity of improvement in extension for agricultural services to all categories of farmers including small, marginal and landless. However, there are not numerous agricultural extension services in Bangladesh. The levels of inadequate and uncoordinated extension services at the grassroots level are tantamount to lower outputs and confusion at the expenses of the farmers. This calls for coordination and collaboration to augment effectiveness, keep away from duplication and wastage of scarce resources. This study seeks to examine the contemporary status of the national extension system and to develop a collaborate strategy to ensure an effective and efficient extension system.