Agar: the First Potential Premium Product of Bangladesh

Financial Express, August 03, 2013

2 Pages Posted: 11 Aug 2013 Last revised: 30 Aug 2013

Date Written: August 3, 2013

Abstract

Sujanagar union of Baralekha upazila under Moulvibazar district is the birthplace of Bangladeshi Agar-Agar wood and Agar oil. The Agar entrepreneurs of Sujanagar claim to be the first producers of the product in this subcontinent. Their relatives migrated to Assam (eastern province of India) and started Agar business there. The Mumbai Agar is a product of the migrant Bangladeshi people.

According to what they claim, the Agar business in Bangladesh started its journey from Sujanagar about 400 years ago. About 150 factories are producing the fully export-oriented Agar wood and Agar oil at Sujanagar. They are producing premium (high-priced) products by using all local raw materials and machinery. Currently, they earn about Tk 500-750 million a year by exporting Agar products. It is now mentioned as an industry in any government document.

Keywords: Agarwood Sector of Bangladesh, Bangladesh Export, Bangladesh Export Basket, Government Policy, Industrial Development, Industrialization, SME Clusters in Bangladesh

Suggested Citation

Abdin, Md. Joynal, Agar: the First Potential Premium Product of Bangladesh (August 3, 2013). Financial Express, August 03, 2013. Available at SSRN: https://ssrn.com/abstract=2308331

Md. Joynal Abdin (Contact Author)

DCCI Business Institute (DBI) ( email )

DCCI Building (11th Floor), 65-66 Motijheel C/A
Dhaka, 1000
Bangladesh

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