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Country's first village super market to open at Dumuria

FE Report | September 15, 2018 00:00:00


The country's first village super market (VSM) is set to open in Khulna, aiming to benefit both farmers and agri-businesses by lessening middlemen's influence.

Solidaridard Network Asia, a Netherlands-based organisation, has conceptualised the VSM with an objective to ensure fair price of agro produces through farmers' direct participation.

The marketplace, located at Dumuria Upazila in Khulna, is expected to start in November, officials said.

Above 1,500 producers would be able to display and trade their products every day in the market, which will be the first of its kind in Bangladesh.

The market is equipped with all necessary facilities within a 86,000 square feet business compound, they said.

A senior official at Solidaridad told the FE that the VSM will be a marketplace for the rural agri-business hub to transform the market system aiming to benefit both farmers and the supply chain actors.

He said the peasantry and the agro businesses need constant access to market. They have also a necessity to boost value addition to their products.

He said: "Opportunity to source directly from over 1,500 producers, the VSM will guarantee a year-round reliable supply to its stakeholders to consistently increase their business volume".

The Dumuria VSM will have 30 auction centres spread over 20,000 square feet, three FIQC certified depots, sorting and grading space, washing facilities with HACCP (Hazard Analysis Critical Control Point) guided packing house, he said.

He said the market place will have quality input and extension service provision along with information centre and formal banking facilities, ice industry, 24-hour surveillance system, chilling centres and other modern facilities.

Close to Khulna city and besides the Khulna and Satkhira highway, the VSM will offer unique business opportunities in between and among the local producers, traders, and buyers, he said.

Executive director of Solidaridad, Nico Roozwen, in his recent visit to Bangladesh, said that the market will reduce transaction costs through first-mile aggregation to last-mile distribution.

It will be a regional market hub for the producers for trading their farm produce and contributing to sustainable agricultural, rural economic development to improve food and nutritional security, he said.

He said VSM would foster backward and forward market linkages among the producers and traders to shape the market as modern one for distributing safe food at most competitive prices.

"It will be a platform for the buyers and producers to enter into contract farming for improving agri-business growth and to promote sustainable production and consumption practices," he said.

tonmoy.wardad@gmail.com


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PARAMOUNT 17.0 18.7 16.7 18.7 10%
GLOBALINS 12.8 14.0 12.7 14.0 9.375%
MEGHNACEM 91.1 99.9 92.1 98.1 7.6839%
PROVATIINS 16.4 17.7 16.5 17.5 6.7073%
PURABIGEN 12.4 13.5 12.5 13.2 6.4516%
ASIAINS 16.7 17.7 17.0 17.6 5.3892%
KARNAPHULI 15.0 15.9 15.0 15.8 5.3333%
REPUBLIC 25.1 27.2 25.3 26.4 5.1793%
MIDASFIN 23.1 24.4 23.3 24.2 4.7619%
PRIMEINSUR 12.7 13.6 12.9 13.3 4.7244%
COMPANY YCP HIGH LOW CLOSE %CHG
GLOBALINS 14.0 14.0 12.7 12.7 10.2362%
PARAMOUNT 18.7 18.7 16.7 17.0 10%
GREENDELT 58.9 59.0 52.5 54.0 9.0741%
PURABIGEN 13.3 13.5 12.5 12.5 6.4%
PROVATIINS 17.4 17.7 16.5 16.5 5.4545%
MEGHNACEM 97.0 99.9 92.1 92.1 5.3203%
IFIC1STMF 4.2 4.2 4.0 4.0 5%
POPULAR1MF 4.2 4.2 4.0 4.0 5%
DAFODILCOM 34.9 35.1 33.3 33.3 4.8048%
FASFIN 13.5 13.6 12.8 12.9 4.6512%
COMPANY YCP HIGH LOW CLOSE %CHG
ALLTEX 14.0 14.4 12.6 12.6 -10%
AL-HAJTEX 98.2 105.3 88.4 88.4 -9.9796%
ISNLTD 31.5 28.4 28.4 28.4 -9.8413%
CAPMIBBLMF 11.5 11.6 10.4 10.4 -9.5652%
JUTESPINN 148.4 152.9 133.6 134.6 -9.2992%
KEYACOSMET 7.6 7.3 6.8 6.9 -9.2105%
KTL 29.7 30.2 26.8 27.0 -9.0909%
MLDYEING 39.6 40.3 35.8 36.2 -8.5859%
IBP 36.9 37.0 33.5 33.8 -8.4011%
GQBALLPEN 82.5 84.5 75.0 76.1 -7.7576%
COMPANY YCP HIGH LOW CLOSE %CHG
AL-HAJTEX 88.4 105.3 88.4 101.3 -12.7345%
ALLTEX 12.6 14.4 12.6 14.4 -12.5%
GQBALLPEN 75.0 84.5 75.0 84.4 -11.1374%
CAPMIBBLMF 10.4 11.6 10.4 11.6 -10.3448%
JUTESPINN 133.6 152.9 133.6 149.0 -10.3356%
KTL 27.0 30.2 26.8 29.9 -9.699%
MLDYEING 36.2 40.3 35.8 39.7 -8.8161%
IBP 33.9 37.0 33.5 37.0 -8.3784%
PRIMELIFE 53.8 59.7 53.8 58.0 -7.2414%
ARAMIT 431.1 463.0 429.0 463.0 -6.8898%