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Bangladesh Super Cyclone ‘SIDR’ 2007

Bangladesh Super Cyclone ‘SIDR’ 2007. Impact on the Frozen Food Business. Dilruba Haider Brac University Dhaka, Bangladesh. Damage and Loss Assessment. Casualty: around 4000 Districts affected: 30(worst hit: 13) People affected: 5.48 million

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Bangladesh Super Cyclone ‘SIDR’ 2007

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  1. Bangladesh Super Cyclone ‘SIDR’ 2007 Impact on the Frozen Food Business Dilruba Haider Brac University Dhaka, Bangladesh

  2. Damage and Loss Assessment • Casualty: around 4000 • Districts affected: 30(worst hit: 13) • People affected: 5.48 million • People needing immediate relief: 2.56 million • Roads (km): 89,000 • Bridges and culverts: 1654 • Embankment (km): 315 • Ferries: 28 (out of 44) (13 restored) • Electricity: 33kv line- 416 km, 11 kv line 287 km = Property loss: Tk 8200 crore ($1180million) (as of 23 November 2007)

  3. Damage and Loss • Standing crops (Hectare): • Damaged 574,769 hectare • Houses: • Damaged: 1,123,553 • Cattle and Poultry: • Perished: 352,363 • Educational institutions: • Damaged: 7,317

  4. Damage and Loss • Environment and Forest: US$ 5.6 Million • Roads and Highways: US$2.6 million • BWDB- embankments, sluice gates, riverbank protection structure: US$27.0 million • People’s livelihood: not estimated • Total donor Commitment: $200 million (GOB estimate as of 21 November 2007)

  5. Loss in Frozen Food or Shrimp Industry • Loss in Shrimp or Frozen food: US$3.7 million • Country’s third largest foreign currency earning sector • Hatcheries, ponds, factories all washed away:70% of the shrimp industry are located in the SIDR affected Districts: Bagerhat, Sathkhira, Khulna (Black Tiger Shrimp: bagda), Barguna, Patuakhali, Pirojpur, Madaripur, Gopalganj (fresh water shrimp: Golda) • Bagda is cultivated on 130,000 hectares of land while Golda in 40,000 hectares (70% is fully or partially damaged) • Shrimp farmers get loans from the Exporters, all loans taken are washed away

  6. Predicament- • Frozen food industry earned $515 million in 2006/07; GOB had fixed this fiscal’s target $600 million • Shrimp industry has been facing loss due to drastic fall in prices and demands in international market in the first quarter of this fiscal • SIDR has been the severe blow to the ailing industry • To recover the loss Bangladesh Frozen Food Exporter’s Association is asking for ‘interest free bank loans’, and government support

  7. Predicament- • The loss is going to take back the country years behind • The total loss, once fully assessed would come to a ‘formidable figure’; and the estimated 7% GDP growth would be very hard to achieve • Government is already cutting back on the ADP • Government alone can not recoup this loss • Private sector has to come forward: financing institutions (banks, exporters associations and the exporters) • Insurance should play a vital role in recovering loss in this industry • CSR should come into play: Exporters should come in aid of the farmers and assist in recovery of the industry

  8. That’s All Thank You Very Much

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