Bangladesh Cotton Cultivation Surges Amidst Price Woes: Farmers Strive to Meet Demand Amid Discrepancies
The growing trend of cotton cultivation in Bangladesh as farmers aim to meet local demand and reduce reliance on imports. However, their satisfaction is dampened by the disappointing prices in the domestic market. Despite increased cultivation costs, such as seeds, fertilizers, diesel, pesticides, and labor, farmers are receiving prices below their expectations.
Currently, local production covers less than 2 percent of the annual cotton requirement, leading to significant imports costing over $3 billion annually. This year, cotton cultivation has expanded by nearly 2 percent, covering 46,000 hectares, with the government targeting a production of 2.28 lakh bales, up from 2.10 lakh bales the previous season.
The Cotton Development Board (CDB) has observed a growing interest in cotton cultivation, particularly with a shift towards hybrid varieties. Efforts are being made to disseminate improved farming methods and promote companion cropping with various vegetables. Fakhre Alam Ibne Tabib, the executive director of CDB, acknowledged the farmers' concerns about market prices and assured discussions to address their demands. The CDB has also initiated measures to support cotton cultivation, including land identification and financial incentives, with an allocation of Taka 10 crore designated to support 12,375 trained farmers this year.
Looking ahead, the CDB envisions substantial growth in cotton production, aiming for 15.80 lakh bales from two lakh hectares of land by 2040. This reflects the recognition of cotton's pivotal role in sustaining the textile industry, a vital sector for Bangladesh's economy.
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