The government sets the profit margins of agricultural products

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An archive photo shows farmers carrying potatoes in baskets from a field in Sirajdikhan in Munshiganj. The government introduced Agricultural Marketing Rules, 2021, setting maximum profit margins for agricultural products at the production, wholesale and retail stages. – Photo New Age

The government introduced Agricultural Marketing Rules, 2021, setting maximum profit margins for agricultural products at the production, wholesale and retail stages.

According to the rules, agricultural products would be marketed at prices determined by the Agricultural Marketing Department within the set profit margins.

The Ministry of Agriculture, through a notice in the Gazette of November 3, published the rules formulated under the Agricultural Products Marketing Act 2018.

The rules state that the maximum reasonable profits for grains, including paddy, rice, wheat and potato, would be 30 percent at the production level, 15 percent at the wholesale level. and 25 percent at the retail level.

The rules set the same profit margins for cash crops, including jute, tea, tobacco and cotton, for legumes with and without husks, and for fresh, dried, salted and frozen fish.

Profit margins for oilseeds, including mustard, sesame, flaxseed, peanuts, coconut, castor and sunflower seeds, and for all kinds of edible oils have been at the rate of 30 percent, 15 percent and 30 percent at production, wholesale and retail levels respectively.

The maximum reasonable profit margins for sugar cane and molasses would be 35 percent at the production level, 15 percent at the wholesale level and 30 percent at the retail level.

Profit margins for all kinds of fresh and dried fruits have been set at the rate of 30 percent, 20 percent and 30 percent at the production, wholesale and retail levels, respectively.

According to the agricultural marketing rules, the maximum profit margins for all kinds of vegetables and flowers would be 40 percent at the production level, 25 percent at the wholesale level and 30 percent at the farm level. retail.

Profit margins for spices, including onion, garlic, ginger, turmeric and green pepper, would be 40%, 20% and 30% respectively at the production, wholesale and retail, according to the rules.

The rules also set profit margins for processed agricultural products and dairy products at a rate of 30 percent at the production level, 15 percent at the wholesale level and 25 percent at the retail level. .

The rules stipulated that reasonable selling prices of agricultural products at the production level would be determined after adding profit margins to the costs of production and marketing.

To determine the reasonable wholesale prices of the products, the percentage of profit and marketing costs would be added to the selling prices at the producer level and similarly, the percentage of profit and the marketing costs would be added to the wholesale prices. to set retail prices, according to the rules.


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