Browse Data and Analysis

The MY 2022/23 sugar production forecast is down 23 percent from the previous estimate. Producers face a shrinking domestic market and fluctuating world prices, as well as the strain of conflict with Russia in terms of ensuring production and exports.

Russia’s invasion of Ukraine has become an ultimate test of the resilience of Ukrainian agriculture. The country’s food security depends on a variety of factors, including farmers’ ability to produce key staple foods.

Bangladesh consumes approximately 6 million metric tons of chemical fertilizers annually, of which about 80 percent are imported. The four major imported chemical fertilizers in Bangladesh are urea, triple super phosphate, diammonium phosphate, and muriate of potash (MOP). Russia and Belarus were the dominant suppliers of MOP in Bangladesh.

On February 22, 2022, the Government of Bangladesh (GoB) revised the permissible wastage rate for basic garment products to 29 percent, specialized products to 32 percent, and sweaters and socks to 16 percent.

Serbia is closely following the impact of the Russian-Ukrainian crisis, especially because 80 percent of Serbia’s grain exports travel to the world via Black Sea ports.