AreaBangladesh

Commodity GroupRice

CommodityAll

Date20/12/2022

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionAnnounced that it would destine BDT 1.7 billion (USD 15.6 million) to support 2.7 million producers across the country during the 2023/24 Boro cycle. Under the initiative, 1.5 million farmers would be provided with two kgs of hybrid seeds. Cultivation of high yielding varieties would also be supported through the provision of five kgs of seeds, ten kgs of di-ammonium phosphate and ten kgs of muriate of potash to producers, with additional steps taken to promote mechanization during planting and harvest.

NotesExchange rate as of 15 May 2023.