Burmese Agricultural Fertilizer needs met with smuggling from Bangladesh
Dhaka, March 7: Since the Burmese government’s
production of agricultural fertilizers has not been able to cover
the domestic demand, the sea-smuggling trade of fertilizer from
Bangladesh is thriving.
Fertilizer is reported to be the most profitable item, fetching
about two hundred percent profit.
“As far as I know, exporting fertilizer to Burma is the best
business at the moment. Bangladesh produces a sack of sulphur, priced
at 280 Taka, but it will cost at least 10,000 kyat ( equivalent
to 650 Taka) in Burma. Even if you pay tax to the government and
officials, it still profits a lot” says a fertilizer trader
from Cox’s Bazar.
The Burmese junta just turns a blind eye to the smuggling of fertilizer
in order to fill the demand and supply gap.
However, the Bangladeshi government is trying to stop the smuggling
by arresting the smugglers and confiscating the boats, since the
smuggling leaves Bangladesh with higher prices for fertilizer. High
quality TSP fertilizer that used to sell for 690 Taka in Bangladesh,
now costs 800 Taka.
Burma as a whole needs about 10 million tons of fertilizer a year;
the rice industry alone uses 2 million tons, according to an agricultural