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For marketing year (MY) 2023/24, Post forecasts rice harvested area and production at 11.9 million hectares and 37.1 million metric tons (MT), respectively. Post forecasts MY 2023/24 wheat imports at 6.0 million MT, with corn imports at 2.4 million MT.
For marketing year (MY) 2023/24, Post’s soybean import forecast is 2.4 million MT, on Bangladesh rebounding from its current economic slowdown, while local soybean production remains flat.
This is a biweekly report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.
Despite the economic slowdown caused by the COVID-19 pandemic, Post Dhaka has increased its cotton import forecast for marketing year (MY) 2021/22 to 7.6 million bales as a result of higher demand for locally spun yarn.
Bangladesh’s feed industry is currently recovering from a difficult marketing year (MY) 2019/20 (i.e., July to June).