The chick syndicate has looted 7.2 billion taka over the last two and a half months. The Bangladesh Poultry Association (BPA) is extremely appreciative, stating that the unusual increase in chick prices has been somewhat restrained by the association’s unrelenting efforts, the courageous work of journalists, and the successful government intervention, which has resulted in a downward trend in prices. This action represents a ray of optimism for the poultry industry in the nation.
The chick syndicate has looted: The leading producers of poultry and chick feed, including 1. Kazi Farms Poultry & Hatchery, 2. Nahar Agro Poultry & Hatchery, 3. Paragon Hatchery & Poultry, 4. Nourish Poultry & Hatchery, 5. CP Bangladesh, 6. A syndicate of a few corporate organizations has been formed by People’s Poultry & Hatchery, 7. Diamond Poultry & Hatchery, and eight to ten other companies. The price of chicks has increased dramatically over the last two and a half months for no apparent reason because of this syndicate and the absence of market control over feed and chicks.
Prior to September 15, a chick’s typical market price was between 30 and 35 taka. On September 16, however, the cost of chicks skyrocketed to between 60 and 100 taka, and this syndicate-driven pricing persisted for 80 days in a row until December 5. The chick syndicate has looted..
Three million chicks of all kinds are produced every day. Businesses can make 90 million taka a day if they charge an average of 30 taka more each chick. This sums up to an astounding 7.2 billion taka over the last 80 days, or two and a half months, which has seriously hurt farmers. In order to reap enormous profits, corporate poultry feed and chick production corporations have manipulated the market by creating artificial shortages and hiking prices hourly and minutely. Numerous small-scale farmers have been forced to close their operations as a result of these unethical actions. Small-scale farmers are losing their investments as a result of the unusual increases in the prices of feed and chicks. The chick syndicate has looted….
Lack of profitability is forcing many farmers to close their operations, endangering the livelihoods of around 5 million people, including entrepreneurs, educated women, and young people without jobs, as well as interfering with the food production process. The general public’s cost of living has gone up due to the increase in the price of eggs and chicken. The national economy has been directly impacted by this since growing production prices have made it harder for average people to buy things. The chick syndicate has looted..
