Dhaka, April 10 -- Bangladesh's growing poultry industry, worth approximately Tk 50,000 crore, is facing an existential crisis due to skyrocketing production costs and heavy taxation.

The recent price hike of chicken and poultry products affected the market. The sector experts and analysts warn that without immediate government intervention to reduce production costs in the upcoming budget, the sector could collapse, leading to a severe protein deficiency for the next generation.

Over the last five years, production costs in the poultry sector have nearly doubled, with the most significant hike occurring this year. According to data from the Bangladesh Bureau of Statistics and industry organizations, using 2021 as a base of 100 percent,...