Kazi Farms Group

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Kazi Farms Group
Company type Private
IndustryPoultry
Founded1996
FounderKazi Tanvir
HeadquartersHouse No. 35, Road 02, Dhanmondi, Dhaka 1205.
OwnerKazi Tanvir
Number of employees
10,000
Website www.kazifarms.com

Kazi Farms Group is one of the biggest businesses of the poultry industry in Bangladesh. [1] Kazi Tanvir , the managing director, was awarded Business Person of the Year for 2004 in Bangladesh. [2]

Contents

List of sister companies

Controversy

On 22 September 2022, the Bangladesh Competition Commission filed a case against Kazi Farms for destabilizing the stable market by increasing the price of eggs at a higher rate than normal. Hearing the case four days later, the Bangladesh Competition Commission criticized the company for following a strange policy for fixing the price of eggs. In this auction system, the company finalizes a price after the dealers and distributors bid on the base price. [8] Kazi Farms replied that egg prices had indeed spiked abnormally for a week, but the reason was a shortage of trucks following a national increase in the price of diesel. [9] Singaporean economist Indranil Chakraborty examined Kazi Farms' auctions and found them to be a fair and reasonable means of selling agricultural commodities such as eggs, which typically fluctuate daily due to supply and demand. [10]

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References

  1. "Kazi Farms holds dealers conference". The Daily Star. 22 February 2009. Retrieved 29 October 2016.
  2. "Bangladesh Business Awards 2003". The Daily Star. Retrieved 29 October 2016.
  3. "Turning chicken manure into organic fertilizer". Dhaka Tribune. 17 January 2019. Retrieved 23 May 2019.
  4. "Brand war heats up in ice cream market". The Daily Star. 17 April 2013. Retrieved 29 October 2016.
  5. "Kazi Food Industries". 10 December 2017.
  6. "Deepto TV launched". New Age.
  7. "Achieving IT independence through open-source". Dhaka Tribune (Op-ed). Retrieved 29 October 2016.
  8. কাজী ফার্মসের ডিম 'নিলাম' পদ্ধতি দেখে প্রতিযোগিতা কমিশনের 'বিস্ময়' [Competition Commission 'surprised' by Kazi Farms' egg 'auction' method]. Bdnews24.com (in Bengali). 26 September 2022. Retrieved 28 September 2022.
  9. "Truck shortage was behind recent egg price hike". Dhaka Tribune . 25 August 2022. Retrieved 26 February 2023.
  10. "Was the egg market manipulated?". Dhaka Tribune . 13 January 2023. Retrieved 26 February 2023.