Kazi Farms Group Explained
| Kazi Farms Group |
| Type: | Private |
| Foundation: | 1996 |
| Founder: | Kazi Zahedul Hasan |
| Location: | House No. 35, Road 02, Dhanmondi, Dhaka 1205. |
| Industry: | Poultry |
| Num Employees: | 10,000 |
| Owner: | Kazi Zahedul Hasan |
Kazi Farms Group' is one of the biggest businesses of the poultry industry in Bangladesh.[1] Kazi Zahedul Hasan, the managing director, was awarded Business Person Of The Year for 2004 in Bangladesh.[2] It runs most of its office computers on free and open-source software such as Linux.[3]
List of sister companies
- Kazi Farms Limited and associated poultry farming companies sell poultry chicks, poultry and fish feed, eggs, live chickens and organic fertilizer across Bangladesh.[4]
- Kazi Food Industries Limited sells its Bellissimo and ZaNZee brands of ice cream, as well as Kazi Farms Kitchen brand of frozen food products across Bangladesh.[5] [6]
- Kazi Media Limited (Deepto TV) began broadcasting on 18 November 2015[7]
- Sysnova Information Systems Limited customizes and implements free/open-source Enterprise Resource Planning software for various companies in Bangladesh.[8]
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.[9] 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.[10] 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.[11]
Notes and References
- News: Kazi Farms holds dealers conference. 2009-02-22. The Daily Star. 2016-10-29.
- News: Bangladesh Business Awards 2003. The Daily Star. 2016-10-29.
- News: Bangladesh needs its own Linux operating system . Dhaka Tribune. Op-ed. 2016-10-29.
- News: Turning chicken manure into organic fertilizer. 2019-01-17. Dhaka Tribune. 2019-05-23.
- News: Brand war heats up in ice cream market. 2013-04-17. The Daily Star. 2016-10-29.
- News: Kazi Food Industries. 2017-12-10.
- News: Deepto TV launched . New Age.
- News: Achieving IT independence through open-source . Dhaka Tribune. Op-ed. 2016-10-29.
- Web site: কাজী ফার্মসের ডিম 'নিলাম' পদ্ধতি দেখে প্রতিযোগিতা কমিশনের 'বিস্ময়'. Competition Commission 'surprised' by Kazi Farms' egg 'auction' method. bn. 26 September 2022. 28 September 2022. Bdnews24.com.
- Web site: Truck shortage was behind recent egg price hike. en. 25 August 2022. 26 February 2023. DhakaTribune.com.
- Web site: Was the egg market manipulated?. en. 13 January 2023. 26 February 2023. DhakaTribune.com.
