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Bumper potato harvest now a bane of hoarders

The last year’s bummer harvest of potato has turned out to be a burden for farmers and hoarders who are now forced to sell the popular vegetable at 30 per cent lower prices than storage costs.

With huge stockpile of potato in cold storages, they now want the government to take up promotional campaigns to boost potato consumption and encourage further cultivation of the tuber.

“It is a great debacle for me as I have lost Tk 30,000 by storing potatoes worth Tk one lakh,” said Aminul Islam, a farmer in the northern potato growing district of Joipurhat.

High prices lured many well-off farmers in the  Read more...

Global financial turmoil diverts attention from food, agriculture

Credit crunch, caused by international financial turmoil, prevents accelerated capital flow to long-term investments in sectors like agriculture despite their urgent needs, undermining growth towards a more resilient global food system, says a global report.

The burgeoning global financial crisis has pushed  Read more...

Heeding Climate Change Warnings

With a predicted sea level rise of one metre by 2100, Vietnam may end up being one of the nations worst hit by climate change. Such a rise would affect five percent of the land area, 11 percent of the population and seven  Read more...