Business Desk :
Calling the entrepreneurs to make investment in edible oil production from Maize, Agriculture Minister Dr M Abdur Razzaque has said Bangladesh has enormous scope of edible oil production from Maize as 1.20 lakh tonnes maize oil can be produced commercially in the country that can drastically reduce our edible oil import dependency.
“Country’s edible oil import dependency can be drastically reduced “¦if we can set up industries for producing oil commercially from the cereal crop,” he said this after visiting an oil and animal feed industries Limited at Mirzapur in Tangail on Saturday evening, said a press release.
Razzaque said Bangladesh has huge scope of oil production from Maize as overall production of the third major cereal crop has increased significantly in the last ten years and now stands at 54 lakh tonnes.
Now country’s 95 percent Maize used for animal and fish feed and the rest 5 percent for human food.
Director General of Bangladesh Wheat and Maize Research Institute Dr M Israil Hossen, Nasir Glassware and Tube Industries Limited General Manager M Fazlul Rahman and DGM Kazimul Bashar, among others, were present during this time.
Assuring the entrepreneurs for providing all out support, the minister said, ” if the entrepreneurs come forward for oil production which would be benefitted for the growers and also help to ensure nutrition security of the people.”
At present, the country is now producing 54 lakh tonnes Maize and nearly 1,20,000 tonnes Maize oil could be produced from the cereal crop, said Dr M Israil Hossen. The estimated market price of the Maize oil would be nearly Taka 4,000 crore, he added.
Along with oil production, he said corn flakes; corn chips can also be produced from the Maize.
Calling the entrepreneurs to make investment in edible oil production from Maize, Agriculture Minister Dr M Abdur Razzaque has said Bangladesh has enormous scope of edible oil production from Maize as 1.20 lakh tonnes maize oil can be produced commercially in the country that can drastically reduce our edible oil import dependency.
“Country’s edible oil import dependency can be drastically reduced “¦if we can set up industries for producing oil commercially from the cereal crop,” he said this after visiting an oil and animal feed industries Limited at Mirzapur in Tangail on Saturday evening, said a press release.
Razzaque said Bangladesh has huge scope of oil production from Maize as overall production of the third major cereal crop has increased significantly in the last ten years and now stands at 54 lakh tonnes.
Now country’s 95 percent Maize used for animal and fish feed and the rest 5 percent for human food.
Director General of Bangladesh Wheat and Maize Research Institute Dr M Israil Hossen, Nasir Glassware and Tube Industries Limited General Manager M Fazlul Rahman and DGM Kazimul Bashar, among others, were present during this time.
Assuring the entrepreneurs for providing all out support, the minister said, ” if the entrepreneurs come forward for oil production which would be benefitted for the growers and also help to ensure nutrition security of the people.”
At present, the country is now producing 54 lakh tonnes Maize and nearly 1,20,000 tonnes Maize oil could be produced from the cereal crop, said Dr M Israil Hossen. The estimated market price of the Maize oil would be nearly Taka 4,000 crore, he added.
Along with oil production, he said corn flakes; corn chips can also be produced from the Maize.
