About the Industry

Almost all of the 13 million farm families of the country grow rice. Rice is grown on about 10.5 million hectares which has remained almost stable over the past three decades. About 75% of the total cropped area and over 80% of the total irrigated area is planted to rice. Thus, rice plays a vital role in the livelihood of the people of Bangladesh. Total rice production in Bangladesh was about 10.59 million tons in the year 1971 when the country’s population was only about 70.88 millions. However, the country is now producing about 25.0 million tons to feed her 135 million people. This indicates that the growth of rice production was much faster than the growth of population. This increased rice production has been possible largely due to the adoption of modern rice varieties on around 66% of the rice land which contributes to about 73% of the country’s total rice production.
Fighting inflation remains a core priority of the government in the coming months and more imports of key grains such as wheat, rice and sugar. Sugar imports are expected to be particularly high in 2014. Overall, we see promising production prospects for the agriculture sector and we note corn production as an outperformer. Over the longer term, we highlight the dire need for improved agriculture infrastructure to help the sector cope with climate change-related crop destruction. According to the Ministry of Agriculture, Bangladesh loses about 80,000 hectares of arable land due to the impact of climate change such as droughts, salinity and floods.
Bangladesh is fulfilling all its internal necessities regarding this sector. It’s been self-sufficient sector for last couple of years. Advanced technology and peoples dedication towards this sector has leaded us toward the success of being self-sufficient. For the first time since independence, Bangladesh became a rice exporting nation in 2014. Bangladesh has already exported 50,000 tons of rice to Sri Lanka. After Sri Lanka, Bangladesh is now going to export rice to India following bumper production and adequate stocks at home. India has proposed to import 30,000-40,000 tons of rice from Bangladesh for its north-eastern states like Tripura. India will send a delegation soon to Bangladesh to finalize the matter.

organized by