High prices buoy hybrid rice cultivation

Business Report :
Farmers are showing interest to use more of their lands to cultivate hybrid rice, encouraged by an increase in domestic market prices, said seed sellers yesterday.
In the ongoing Boro cultivation season, seed sellers expect to sell nearly 14,000 tonnes of hybrid rice seeds, around 12 per cent higher year-on-year.
“It is because paddy prices are attractive while hybrid rice cultivation provides increased yield,” said FH Ansarey, managing director and CEO of the agribusiness division of ACI, one of the major business houses.
Another draw is the scope to harvest the grain in a shorter period than popular inbred variety BRRI Dhan 29, he said.
In general, hybrid rice can be harvested in 135 days to 140 days whereas the BRRI Dhan 29 takes up to 155 days, added Ansarey.
Farmers usually grow hybrid rice during the dry Boro season to reap benefits of the higher yield.
For the current Boro season, the Department of Agricultural Extension (DAE) aims to ensure cultivation of hybrid rice on 13.3 lakh hectares of land while all types on 49.77 lakh hectares.
The target for hybrid rice is marginally higher year-on-year, according to the DAE data.
Badal Chandra Biswas, the DAE director (in-charge) of field services wing, expects the area with the hybrid to be higher than the 13 lakh hectares achieved the previous year.
Growers are showing interest to grow hybrid rice as paddy prices are higher this year, said Mohammad Masum, chairman of Supreme Seed Company, one of the oldest seed companies.
Yesterday the retail price of coarse grain was as high as Tk 55 per kilogramme, which was 10 per cent higher than that a year ago as per the Trading Corporation of Bangladesh.
There is good demand for inbred rice seeds too, said Masum, adding that it was important to ensure adequate supply of fertiliser.