AGL 37.85 Decreased By ▼ -0.30 (-0.79%)
AIRLINK 128.52 Increased By ▲ 3.45 (2.76%)
BOP 7.22 Increased By ▲ 0.37 (5.4%)
CNERGY 4.56 Increased By ▲ 0.11 (2.47%)
DCL 8.26 Increased By ▲ 0.35 (4.42%)
DFML 38.70 Increased By ▲ 1.36 (3.64%)
DGKC 79.95 Increased By ▲ 2.18 (2.8%)
FCCL 32.05 Increased By ▲ 1.47 (4.81%)
FFBL 72.99 Increased By ▲ 4.13 (6%)
FFL 12.26 Increased By ▲ 0.40 (3.37%)
HUBC 109.12 Increased By ▲ 4.62 (4.42%)
HUMNL 14.17 Increased By ▲ 0.68 (5.04%)
KEL 4.97 Increased By ▲ 0.32 (6.88%)
KOSM 7.41 Increased By ▲ 0.24 (3.35%)
MLCF 37.90 Increased By ▲ 1.46 (4.01%)
NBP 70.15 Increased By ▲ 4.23 (6.42%)
OGDC 187.00 Increased By ▲ 7.47 (4.16%)
PAEL 25.10 Increased By ▲ 0.67 (2.74%)
PIBTL 7.40 Increased By ▲ 0.25 (3.5%)
PPL 150.50 Increased By ▲ 6.80 (4.73%)
PRL 25.08 Increased By ▲ 0.76 (3.13%)
PTC 16.95 Increased By ▲ 0.55 (3.35%)
SEARL 81.48 Increased By ▲ 2.91 (3.7%)
TELE 7.49 Increased By ▲ 0.27 (3.74%)
TOMCL 32.55 Increased By ▲ 0.58 (1.81%)
TPLP 8.49 Increased By ▲ 0.36 (4.43%)
TREET 16.49 Increased By ▲ 0.36 (2.23%)
TRG 56.44 Increased By ▲ 1.78 (3.26%)
UNITY 27.84 Increased By ▲ 0.34 (1.24%)
WTL 1.35 Increased By ▲ 0.06 (4.65%)
BR100 10,442 Increased By 352.8 (3.5%)
BR30 30,751 Increased By 1241.8 (4.21%)
KSE100 97,676 Increased By 3101.5 (3.28%)
KSE30 30,445 Increased By 999.8 (3.4%)

Flash floods have washed away crops in northeastern Bangladesh that would have yielded nearly 700,000 tonnes of rice, according to estimates from the agriculture ministry. The fields hit by the floods were about to be harvested, a major blow to the south Asian country, where local rice prices have hit an all-time high and reserves of the staple grain have dipped to a six-year low.
The flooding triggered by heavy pre-monsoon rains also damaged other crops and fisheries in the marshy areas in the country's northeastern region, affecting millions of people. The government has allocated 100 million taka ($1.2 million) in emergency aid for people in the flood-hit areas.
"This is a big loss for the farmers," said Manzurul Hannan, director general of the Department of Agriculture Extension. Besides the emergency aid, a farm rehabilitation plan is being worked out to provide free seed and fertilizer for the affected farmers for the next crop season, Hannan said. "But we don't think this will have much impact on the overall rice production (for this year)," he told Reuters.
Bangladesh aims to produce more than 34 million tonnes in the current crop year, up from nearly 33.5 million tonnes in the previous year. The world's fourth-biggest producer of rice consumes almost all of its own production, but often needs imports to cope with shortages caused by natural disasters such as floods or drought. State rice reserves at government warehouses have fallen to around 350,000 tonnes, the lowest in six years.

Comments

Comments are closed.