Bangladesh: Grain and Feed Update

Bangladesh rice production in marketing year (MY) 2021/22 is forecast to increase to 36.2 million metric tons (MMT) of milled rice production. Favorable weather and moderate precipitation during the planting and growing stages of Aus rice will drive higher yields. Rice and wheat import forecasts for MY 2021/22 are unchanged. Projected corn production is estimated down to 5.1 MMT on lower summer corn production. The COVID-19 impact is observed in rice, wheat flour, and corn retail prices. Higher market prices slowed the Bangladesh Government’s rice procurement program, leading to uncertainty of fulfilling the target. The Ministry of Food is looking for options to reduce tariffs and import rice to boost government stocks.