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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.
Argentine sugar production for marketing year (MY) 2022-2023 is forecast at 1.71 million tons, raw value, practically unchanged from the previous year. La Niña weather conditions have limited sugarcane production over the last two years, and output was affected by a severe winter last year and a very dry and hot summer early this year.