Agro Machinery Expo Bangladesh
Bangladesh Agro Machinery, agro Chemicals, irrigations and Seeds sectors is on a significant growth path. The sector is teeming with good tidings, both in terms of its contribution to the world farm equipment scenario. In fact, trends already point to en exponential rise in Bangladesh share in the global farm equipment chemicals, irrigations and seeds market in years ahead. The superlative Bangladesh farm equipment and product sector performance is a result of efforts put in by both the government and the private sector towards promotion and adoption of mechanization in Bangladesh agricultural systems.
INDUSTRY OVERVIEW:
Bangladesh is the 8th largest country in the world in terms of population. Agriculture is the single largest producing sector of economy since it comprises about 30% of the country’s GDP and employing around 60% of the total labor force. Agricultural holdings in Bangladesh are generally small. Through Cooperatives the use of modern machinery is gradually gaining popularity. Rice, Jute, Sugarcane, Potato, Pulses, Wheat, Tea and Tobacco are the principal crops. The crop sub-sector dominates the agriculture sector contributing about 72% of total production. Fisheries, livestock and forestry sub-sectors are 10.33%, 10.11% and 7.33% respectively.
Fertilizers support half of the world’s grain production. Cultivation of high yielding variety (HYV) and irrigation facilities increased the consumption of fertilizer in Bangladesh from 313 thousand tons in 1970-75 to 3,223 thousand tons in 2000-04. A tendency to use higher amount of all fertilizers was observed in Boro season than the Aman or Kharif season. However, the sudden rise in price at peak season may cause negative impact on fertilizer consumption by the farmers. Still, there remained a gap between the actual use and recommended dose of the major fertilizers. The estimated total fertilizer requirement for rice and other crops will be 3.79 million ton in 2010.
