Home Corporate Tk 618 cr pocketed by Egg-chicken syndicate
Corporate - August 21, 2022

Tk 618 cr pocketed by Egg-chicken syndicate

Two week of artificial crisis

Govt playing role as silent visitor

Staff Correspondent: Leaders of Bangladesh Poultry Industries Association have alleged that several companies associated with poultry sector looted an additional amount of Tk 618.50 crore by creating unrest in egg and chicken markets in last 15 days. The leaders of the association made the allegation at a press conference held at the Dhaka Reporters Unity (DRU) in the capital yesterday.
By holding the marginal poultry farmers hostage and putting all the blame on them, companies involved in the 10-12 poultry industries in the country have developed a syndicate among themselves and made an additional profit of Tk 112.50 crore in the last 15 days by increasing two and a half to three taka per egg, the leaders said.
They have also made an additional profit of Tk 234 crore from baby chicks and Tk 272 crore from broiler chickens at the same time, they said.
Sumon Hawlader, president of Bangladesh Poultry Industries Association, said many farmers have closed their farms as marginal farmers do not get fair prices and the prices of feed and other inputs increased. In the last 15 days, some companies involved in the poultry industry of the country have made an additional profit of two and a half to three taka per egg by storing eggs for 2-3 days instead of releasing them to the market.

Check Also

Govt plans to borrow Tk 2.5 tr for budgetary support in FY 2025

Mahfuja Mukul: Government’s dependence on debt to meet development and operational expendi…