Call for Raised Duty on Imported Powdered Milk

BANGLADESH - The local dairy industry has been left disappointed as the government did not raise the duty on imported powdered milk in the proposed budget for 2019-20, which may fuel uneven competition in the sector, the National Dairy Development Forum (NDDF) said yesterday.
calendar icon 28 June 2019
clock icon 1 minute read

"If the duty on the imported powdered milk is not increased, the dairy industry will soon be ruined," according to a statement of the forum.

The forum expressed its concern at a press conference in Dhaka on Wednesday.

It demanded that the government impose 25 percent import duty on milk and milk products in the proposed budget.

According to the statement, the dairy industry is a potential sector in Bangladesh to empower women and create jobs for the educated unemployed. The sector has also transformed into a commercially successful industry.

There are more than one lakh registered dairy farmers in Bangladesh and almost half of them are educated youth.

In the last one decade, milk production has surged by more than three times and meat production has gone up by seven times. Local entrepreneurs meet two-thirds of the demand of the total milk consumption.

(1 lakh = 100,000)

To continue reading this article, please click here.

Source: The Daily Star

TheCattleSite News Desk

© 2000 - 2023 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.