Bangladesh: Grain and Feed Update

Post forecasts marketing year (MY) 2022/2023 rice harvested area at 11.5 million hectares and production at 35.65 million metric tons (MT), down slightly from the USDA official numbers due to crop damage resulting from heavy floods in the northern part of the country. Local prices of rice, wheat, and corn hit record highs in July 2022. The Russian invasion of Ukraine and India’s ban on wheat exports further aggravated grain market prices in Bangladesh. Post reduced its wheat and corn import forecasts to 7 million MT and 2.2 million MT, respectively, from its previous projections.