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Production and Profitability of Banana in Bangladesh-An Economic Analysis

Received: 6 June 2013    Accepted:     Published: 20 July 2013
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Abstract

Banana production provides suitable options for subsistence and income generation in Bangladesh. It is a commercial fruit, but in context of Bangladesh, it is grown in limited area commercially. Inadequate marketing system in this sector affect the income of the producers and its trading which also limit the expansion of banana production in our country. We are trying to determine relative profitability of banana in Narsingdhi during the period January to March, 2013. In this study we investigate total cost, profit and benefit cost ratio for different marketing channel like banana producers, wholesalers and retailers. Profit for producer, wholesaler and retailer in banana production were Tk. 55002.8 per Hectare, Tk. 59.08 per Chari, and Tk. 122.67 per Chari respectively and benefit cost ratio for producers, wholesalers and retailers were 1.40, 1.30 and 1.41 respectively. We have also followed Cobb-Douglas production model was used to determine the contribution of some important inputs like land preparation, fertilizer, irrigation, insecticides, sucker and labor cost to production of banana. We also investigate to explore the problems of producing banana and offer suggestion for possible improvement in the existing marketing system.

Published in International Journal of Economics, Finance and Management Sciences (Volume 1, Issue 3)
DOI 10.11648/j.ijefm.20130103.15
Page(s) 159-165
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This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Banana Production, Benefit Cost Ratio (BCR), Cobb-Douglas Function, Economic Profit, Narsingdhi District

References
[1] Anonymous, 2012. Statistics Year Book of Bangladesh, Bangladesh Bureau of Statistics, Ministry of Planning, Government of the people’s Republic of Bangladesh, Dhaka.
[2] Anonymous, 1969, United States Agency for International Development (USAID)
[3] Basanta K. Barmon, Imrana Sharmin, Parvez K. Abbasi and Al Mamun(2012), Economics of Mushroom (Agaricus bisporus) Production in a Selected Upazila of Bangladesh, The Agriculturists 10 (2): 77-89
[4] GOB 2008. Bangladesh Economic Review, Ministry of Planning, Government of the people’s Republic of Bangladesh, Dhaka, Bangladesh, June, 2000
[5] Haque, M.A. 1983. Some Technological Aspects for the commercial Production of Banana, National Symposium on Agricultural Research, 22-23 December, BARC, Dhaka.
[6] Haque, M.A. 1984. Intercropping in Banana and its Economic Return, Bangladesh Journal of Agriculture, 9(3): 53-55.
[7] Kamal, M.K. 1996. An economic Study on Banana Production in Some selected Areas of Joypurhat district.
[8] Kohlas, R.L. 1972. Marketing of Agricultural Products. 4th edition, Macmillon Co., Newyork.
[9] M. R., Kerutagi M. G., Patil B. L., Kanamadi V. C. and Bankar B. (2009) Comparative economic analysis of tissue culture banana and sucker propagated banana production in Karnataka, Karnataka J. Agric. Sci., 22(4): (810-815)
[10] Nargis, K. 1997. A Comparative Economic Study of Banana and Sugarcane Production in a Selected Area of Meherpur District.
[11] Octavio Damiani (2001), Organic agriculture in Costa Rica: The case of cacao and banana production in Talamanca, Office of Evaluation and Studies of the International Fund for Agricultural Development
[12] Roy, B. 1996. A Comparative Economic Analysis of Banana and Other Crops Production in an Area of Mymensingh District. An MS Thesis, Department of Agricultural Economics, BAU, Mymensingh.
[13] Subaiah, R.L Kohls, R.L., J.N. Uhl 1980. Intercropping of Banana with vegetables and Pulse Crops, Bangladesh Journal of Extension Education.
[14] S. C. Sarode (2009), Economics of banana marketing in Jalgaon district: An analysis across alternative channels, African Journal of Marketing Management Vol. 1(5) pp.128-132.
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  • APA Style

    Abu Zafar Ahmed Mukul, Md. Arafat Rahman. (2013). Production and Profitability of Banana in Bangladesh-An Economic Analysis. International Journal of Economics, Finance and Management Sciences, 1(3), 159-165. https://doi.org/10.11648/j.ijefm.20130103.15

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    ACS Style

    Abu Zafar Ahmed Mukul; Md. Arafat Rahman. Production and Profitability of Banana in Bangladesh-An Economic Analysis. Int. J. Econ. Finance Manag. Sci. 2013, 1(3), 159-165. doi: 10.11648/j.ijefm.20130103.15

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    AMA Style

    Abu Zafar Ahmed Mukul, Md. Arafat Rahman. Production and Profitability of Banana in Bangladesh-An Economic Analysis. Int J Econ Finance Manag Sci. 2013;1(3):159-165. doi: 10.11648/j.ijefm.20130103.15

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  • @article{10.11648/j.ijefm.20130103.15,
      author = {Abu Zafar Ahmed Mukul and Md. Arafat Rahman},
      title = {Production and Profitability of Banana in Bangladesh-An Economic Analysis},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {1},
      number = {3},
      pages = {159-165},
      doi = {10.11648/j.ijefm.20130103.15},
      url = {https://doi.org/10.11648/j.ijefm.20130103.15},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20130103.15},
      abstract = {Banana production provides suitable options for subsistence and income generation in Bangladesh. It is a commercial fruit, but in context of Bangladesh, it is grown in limited area commercially. Inadequate marketing system in this sector affect the income of the producers and its trading which also limit the expansion of banana production in our country. We are trying to determine relative profitability of banana in Narsingdhi during the period January to March, 2013.  In this study we investigate total cost, profit and benefit cost ratio for different marketing channel like banana producers, wholesalers and retailers. Profit for producer, wholesaler and retailer in banana production were Tk. 55002.8 per Hectare, Tk. 59.08 per Chari, and Tk. 122.67 per Chari respectively and benefit cost ratio for producers, wholesalers and retailers were 1.40, 1.30 and 1.41 respectively. We have also followed Cobb-Douglas production model was used to determine the contribution of some important inputs like land preparation, fertilizer, irrigation, insecticides, sucker and labor cost to production of banana. We also investigate to explore the problems of producing banana and offer suggestion for possible improvement in the existing marketing system.},
     year = {2013}
    }
    

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    AB  - Banana production provides suitable options for subsistence and income generation in Bangladesh. It is a commercial fruit, but in context of Bangladesh, it is grown in limited area commercially. Inadequate marketing system in this sector affect the income of the producers and its trading which also limit the expansion of banana production in our country. We are trying to determine relative profitability of banana in Narsingdhi during the period January to March, 2013.  In this study we investigate total cost, profit and benefit cost ratio for different marketing channel like banana producers, wholesalers and retailers. Profit for producer, wholesaler and retailer in banana production were Tk. 55002.8 per Hectare, Tk. 59.08 per Chari, and Tk. 122.67 per Chari respectively and benefit cost ratio for producers, wholesalers and retailers were 1.40, 1.30 and 1.41 respectively. We have also followed Cobb-Douglas production model was used to determine the contribution of some important inputs like land preparation, fertilizer, irrigation, insecticides, sucker and labor cost to production of banana. We also investigate to explore the problems of producing banana and offer suggestion for possible improvement in the existing marketing system.
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Author Information
  • Lecturer, Sher-e-Bangla Agricultural University, Dhaka-1207, Bangladesh

  • Research Associate, Implementation of Monitoring and Evaluation for IFC (World Bank Group) at A. D. S. L., Bangladesh

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