Kazi Farms Group
| Type | Private |
|---|---|
| Industry | Poultry |
| Founded | 1996 |
| Founder | Kazi Zahedul Hasan |
| Headquarters | House No. 35, Road 02, Dhanmondi, Dhaka 1205. |
| Products | Poultry feed, eggs, chicken |
| Owner | Kazi Zahedul Hasan |
Number of employees | 10,000 |
| Website | www |
Kazi Farms Group is a group of businesses in Bangladesh.[1] Kazi Zahedul Hasan, the managing director, was awarded Business Person of the Year for 2004 by The Daily Star (Bangladesh).[2][3]
List of sister companies
- Kazi Farms Limited is predominantly a poultry company which produces chicks as well as poultry feed, eggs and chickens across Bangladesh. In addition, it also produces cattle and fish feed, fish hatchlings and organic fertilizer.[4]
- Kazi Food Industries Limited produces the 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 and cyber-security 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" auction 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] Kazi Farms asserted that price fluctuations of agricultural commodities like eggs and chicken was a normal phenomenon with a standard economic explanation through the Cobweb model.[12] Kazi Farms also asserted that their auction procedure was a type of Vickrey-Clarke-Groves auction, which was well established.[13]
References
- ↑ "Kazi Farms holds dealers conference". The Daily Star. 22 February 2009. Retrieved 29 October 2016.
- ↑ "Bangladesh Business Awards 2003". The Daily Star. Retrieved 29 October 2016.
- ↑ "The recipients of Business Person of the Year awards". The Daily Star. Retrieved 5 April 2025.
- ↑ "Turning chicken manure into organic fertilizer". Dhaka Tribune. 17 January 2019. Retrieved 23 May 2019.
- ↑ "Brand war heats up in ice cream market". The Daily Star. 17 April 2013. Retrieved 29 October 2016.
- ↑ "Kazi Food Industries". 10 December 2017. Archived from the original on 2 December 2017. Retrieved 10 December 2017.
- ↑ "Deepto TV launched". New Age.
- ↑ "Achieving IT independence through open-source". Dhaka Tribune (Op-ed). Retrieved 29 October 2016.
- ↑ 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.
- ↑ "Truck shortage was behind recent egg price hike". Dhaka Tribune. 25 August 2022. Retrieved 26 February 2023.
- ↑ "Was the egg market manipulated?". Dhaka Tribune. 13 January 2023. Retrieved 26 February 2023.
- ↑ "'Competition Commission cases against poultry companies are baseless'". The Business Standard. 11 May 2024. Retrieved 17 July 2026.
- ↑ "How do we keep commodity prices low? Auctions are the answer". Counterpoint BD. 22 March 2026. Retrieved 26 July 2026.