Bangladesh offers rice farmers free fertiliser
BANGLADESH: Bangladesh, which has recently become a big rice
importer, will provide free fertiliser to farmers as part of efforts to
boost rice output, a senior agriculture official said on Friday.
The stimulus package, worth 350 million taka ($5 million), would help
produce an additional 200,000 tonnes of rice, the official said.
Under the scheme, around 537,000 farmers will get fertiliser free of
cost to produce Aus, a rice variety cultivated during the May-August
season.
Bangladesh, the world's fourth-biggest producer, aims to produce more
than 34.5 million tonnes of rice, including 2.74 million tonnes of Aus,
in the year to June 2012, up from 33 million in the previous year.
The Bangladesh government, battling high food inflation at close to
12 percent and also footing a massive subsidy bill for grain, diesel and
fertiliser, hopes for some relief on the prospects of higher production.
Bangladesh's grain imports are likely to drop to 1.4 million tonnes
in the fiscal year beginning in July from nearly 2.5 million tonnes in
the current fiscal year, a senior food official said this week. The
government, which has been importing hefty amounts of rice to build
reserves in the face of high global prices, is looking at all possible
options to boost production of the grain, a staple food for more than
150 million people.
Dhaka, Sunday, Reuters |