Farmers pay more for rice after selling yield for lower prices

Poor and marginal farmers and sharecroppers keep facing trouble as they need to buy rice for higher prices after having sold the rice they would produce for low prices at the time of harvest. Market source said farmers were buying boro for prices between Tk 540 and Tk 600 a maund (37.3kg) but they sold it for prices between Tk 400 and Tk 430 soon after harvest. Most of the poor and marginal farmers said they were forced to sell their produces for prices lower than their production cost to meet their needs and repay loans they had taken before harvest in May.