Government sets profit margins for agricultural products

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A file photo shows farmers carrying potatoes on baskets from a field at Sirajdikhan in Munshiganj. The government has introduced the Agricultural Marketing Rules, 2021, setting the maximum profit margins for agricultural produce at the production, wholesale and retail stages. — New Age Photo

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

Under the rules, agricultural products would be marketed at prices determined by the Department of Agricultural Marketing taking into account established profit margins.

The Department of Agriculture, through a Notice to the Official Gazette on November 3, published the rules formulated under the Agricultural Marketing Act 2018.

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

The rules set the same profit margins for cash crops, including jute, tea, tobacco and cotton, for shelled and shellless pulses, and for fresh, dried, salted and frozen fish.

Profit margins for oilseeds, including mustard, sesame, linseed, peanuts, coconut, castor and sunflower seeds, and for all kinds of edible oils were 30 %, 15% and 30% to production respectively at wholesale and retail levels.

Reasonable maximum profit margins for cane sugar 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 types of fresh and dried fruit have been set at 30 percent, 20 percent and 30 percent respectively at the production, wholesale and retail levels.

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

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

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

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

To determine reasonable wholesale prices for 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 marketing costs would be added to the wholesale prices for set retail prices, according to the rules.

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