Doyel Agro to produce 20,000 tons of maize in April '04
Doyel Agro Complex Ltd, an Agro-based Industries and Technology Development Project (ATDP) client, is expected to produce over 20,000 tons of maize in April 2004 through its 1500 contracted farmers.The farmers of Patgram and Hatibandha area under Lalmonirhat will receive loans from National Credit and Commerce Bank Limited to produce maize on 5000 acres, says a press release. ATDP, a USAID funded government project, will help Doyel Agro to get the loan from the bank. According to the contract, Doyel will buy 10,000 tons of maize directly from the farmers to solve the farmers' marketing problem and ensure a competitive price for their products. In Bangladesh, the annual demand for Maize, a key raw material for poultry feed, is about 800,000 tones while the country produces only 200,000 tones.
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