AGL 40.00 Decreased By ▼ -0.21 (-0.52%)
AIRLINK 126.90 Decreased By ▼ -0.74 (-0.58%)
BOP 6.69 Increased By ▲ 0.02 (0.3%)
CNERGY 4.50 Increased By ▲ 0.05 (1.12%)
DCL 8.65 Decreased By ▼ -0.08 (-0.92%)
DFML 41.00 Decreased By ▼ -0.16 (-0.39%)
DGKC 85.76 Decreased By ▼ -0.35 (-0.41%)
FCCL 33.01 Increased By ▲ 0.45 (1.38%)
FFBL 64.42 Increased By ▲ 0.04 (0.06%)
FFL 11.72 Increased By ▲ 0.11 (0.95%)
HUBC 111.95 Decreased By ▼ -0.51 (-0.45%)
HUMNL 15.20 Increased By ▲ 0.39 (2.63%)
KEL 5.16 Increased By ▲ 0.12 (2.38%)
KOSM 7.40 Increased By ▲ 0.04 (0.54%)
MLCF 40.33 No Change ▼ 0.00 (0%)
NBP 61.10 Increased By ▲ 0.02 (0.03%)
OGDC 192.50 Decreased By ▼ -1.68 (-0.87%)
PAEL 26.79 Decreased By ▼ -0.12 (-0.45%)
PIBTL 7.49 Increased By ▲ 0.21 (2.88%)
PPL 153.35 Increased By ▲ 0.67 (0.44%)
PRL 26.55 Increased By ▲ 0.33 (1.26%)
PTC 17.21 Increased By ▲ 1.07 (6.63%)
SEARL 86.26 Increased By ▲ 0.56 (0.65%)
TELE 7.68 Increased By ▲ 0.01 (0.13%)
TOMCL 33.80 Decreased By ▼ -2.67 (-7.32%)
TPLP 8.89 Increased By ▲ 0.10 (1.14%)
TREET 16.95 Increased By ▲ 0.11 (0.65%)
TRG 63.82 Increased By ▲ 1.08 (1.72%)
UNITY 27.90 Decreased By ▼ -0.30 (-1.06%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 10,103 Increased By 17 (0.17%)
BR30 31,235 Increased By 64.6 (0.21%)
KSE100 94,885 Increased By 121.8 (0.13%)
KSE30 29,421 Increased By 11.1 (0.04%)

The deadly cyclone that hit southern coastal Bangladesh last month destroyed 291 million dollars of Bangladesh's winter rice crop, the country's agriculture minister said Sunday. "The cyclone damaged standing paddy (rice) worth 20 billion taka (291 million dollars)," Agriculture Minister C.S Karim told state-run BSS news agency.
Cyclone Sidr smashed into the southern coastal districts of the delta nation on November 15, killing at least 3,200 people and leaving millions homeless or short of basic staples such as rice.
The cyclone follows damage to summer crops of rice and other food grains by heavy floods in July and August. As a result, Bangladesh faces a shortfall of 3.1 million metric tonnes to meet domestic demand in the year ending June 2008, Karim said.
To fill the gap, the government plans to import one million tonnes of food grains in the coming months on top of 1.1 million already imported and allow private firms to import an additional 900,000 tonnes, Karim said.
International donors have also pledged 500,000 tonnes of food aid in the wake of the cyclone, he said. Bangladesh think-tank, the Centre for Policy Dialogue, last week gave an initial cyclone damage estimate of more than 1.5 billion dollars and said economic growth would slow as a result.
"We think growth will slow down to somewhere between five and six percent as a result of the floods and the cyclone," the centre's executive director Mustafizur Rahman said.
Bangladesh's 69-billion-dollar economy was projected to grow at seven percent in the year ending June 2008. But even before the cyclone, the floods had forced the central bank to lower its growth forecast to 6.5 percent. The economy expanded at a record 6.6 percent last year.

Copyright Agence France-Presse, 2007

Comments

Comments are closed.