Dried fish traders in northern Bangladesh facing financial crisis
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Friday
January 27, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
FRIDAY, JANUARY 27, 2023
Dried fish traders in northern Bangladesh facing financial crisis

Industry

Hasibur Rahman Bilu
09 November, 2020, 01:30 pm
Last modified: 09 November, 2020, 04:33 pm

Related News

  • More challenges for Bangladesh, South Asia as global economic growth to fall in 2023: UN
  • RMG needs policy support for the next 6 months to survive
  • Surging crime, bleak future push Rohingya in Bangladesh to risk lives at sea
  • Time for Bangladesh to develop skilled human resources for the blue economy industry
  • Strong asset management companies can solve default loan crisis

Dried fish traders in northern Bangladesh facing financial crisis

The dried fish market in Syedpur is the second-largest market of the country

Hasibur Rahman Bilu
09 November, 2020, 01:30 pm
Last modified: 09 November, 2020, 04:33 pm
A woman spreads fish (shutki) under the sun to dry at Bogura. The dry fish business of the northern region of the country has been hampered terribly this year by the pandemic and cyclone Amphan. The photo was taken recently. Photo: TBS
A woman spreads fish (shutki) under the sun to dry at Bogura. The dry fish business of the northern region of the country has been hampered terribly this year by the pandemic and cyclone Amphan. The photo was taken recently. Photo: TBS

A huge amount of dried fish was destroyed at a warehouse due to the fallout of Covid-19

Dried fish (called shutki in Bangla) traders in the northern region of Bangladesh have suffered huge financial losses this year due to Covid-19's effects, floods, rain, and Cyclone Amphan – losses traders across the country have never incurred.

Mohammad Sanwar Hossain, a dried fish producer in Singra upazila of Natore, said he sold dried fish in Syedpur for around Tk6 lakh last season but this year he was unable to sell anything, incurring a loss of at least Tk1 lakh.

He added that traders prepare to buy and sell dried fish during the season – from November to January. This year, they could not prepare due to natural disasters, including Covid-19 and Cyclone Amphan.

The demand for puti fish dried fish of the Chalan Beel area is always high in India, but this time its production started late, which may disrupt exports, he continued.

Mohammad Nannu Hossain has been trading dried fish at Mohish Luti Market in Tarash upazila of Sirajganj for a long time. He said "I have faced a loss of Tk2 lakh" and at least 12 dried fish traders, who have been trading at this market for the last 16 or 17 years, have suffered losses due to the bad weather this year.

Photo: TBS
Photo: TBS

Md Rasedul Alam Mamun, who has been doing business at Syedpur's dried fish market for about 37 years, said 60 wholesalers and retailers, 50 middlemen and 12 storekeepers involved in the dried fish business have suffered losses.

"A huge amount of dried fish was destroyed at the warehouse due to the fallout of Covid-19. I have never seen such a recession in the dried fish business in 37 years of business," he said.

Sheikh Mohammad Delwar Hossain, general secretary of the Syedpur Dried Fish Traders Association, said the warehouse traders had lost at least Tk6 crore this year due to natural calamities and the pandemic.

"Of the total losses, 40% were due to Covid-19 and the remaining 60% due to natural disasters," said Delwar Hossain. 

The dried fish market in Syedpur is the second-largest market of the country, and the dried fish comes from: Chalan Beel, the Sundarbans, Khulna, Jashore, Satkhira, Cox's Bazar, and various northern and southern districts.

In Syedpur, traders have not had any incentives even though the employees who worked on the dried fish farms were given food aid by the government during the general holidays declared for Covid-19.

Syedpur upazila nirbahi officer Nasim Ahmed said the affected traders have not yet received government incentive assistance, but their case is being considered.
 

Economy / Top News

dried fish / northern / Bangladesh / Financial crisis

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  •  Gautam Adani, center.Photographer: Tomohiro Ohsumi/Bloomberg
    What really worries Indians about Adani's empire
  • Representational image. A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato
    Bangladesh seeks spot LNG cargo for first time in 8 months
  • Infograph: TBS
    State banks spend 80% of their forex for govt imports in H1

MOST VIEWED

  • Mechanisation vital for commercialising agriculture: Minister
    Mechanisation vital for commercialising agriculture: Minister
  • Manufacturers feel the pinch as consumers tighten belt
    Manufacturers feel the pinch as consumers tighten belt
  • Illustration: TBS
    Commerce ministry to continue advocacy for simplification of business registration process: Minister
  • Looking ahead for SMEs
    Looking ahead for SMEs
  • Once booming steel industry now in deep stress
    Once booming steel industry now in deep stress
  • Amrita Makin Islam. TBS Sketch
    German supply chain law: Boon or bust?

Related News

  • More challenges for Bangladesh, South Asia as global economic growth to fall in 2023: UN
  • RMG needs policy support for the next 6 months to survive
  • Surging crime, bleak future push Rohingya in Bangladesh to risk lives at sea
  • Time for Bangladesh to develop skilled human resources for the blue economy industry
  • Strong asset management companies can solve default loan crisis

Features

Sketch:TBS

Why we need consumer education for consumer wellbeing

10h | Thoughts
Dr Ahsan H Mansur, Executive Director, Policy Research Institute. Illustration: TBS

Twin shocks call for stronger domestic policy response

11h | Thoughts
December-er shohor, taxi taken for airport and the Park Street bathed in lights. Photo: Jannatul Naym Pieal

Exploring Kolkata on foot, empowered by Google Maps

12h | Explorer
Island hopping in Bangladesh?

Island hopping in Bangladesh?

13h | Panorama

More Videos from TBS

Kajol’s road paintings bring change in Gafargaon

Kajol’s road paintings bring change in Gafargaon

1d | TBS Stories
Carew & Company witnessed a remarkable growth

Carew & Company witnessed a remarkable growth

1d | TBS Stories
Gavi may have to leave Camp Nou

Gavi may have to leave Camp Nou

1h | TBS SPORTS
After all the controversies, how is Shah Rukh Khan's ‘Pathaan’?

After all the controversies, how is Shah Rukh Khan's ‘Pathaan’?

3h | TBS Entertainment

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Four top bankers arrested in DSA case filed by S Alam group 
Bangladesh

Four top bankers arrested in DSA case filed by S Alam group 

3
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]