Bangladesh. Сorn production fell by 2%
Maize production in Bangladesh fell by 2% to 4.8 million tonnes in FY2022/23. The country is experiencing extreme floods that are affecting crops.
As a result, domestic corn prices remain high and in line with high world prices. Wholesale and retail prices in October 2022 were 21% and 33% higher, respectively, compared to the previous year. In view of the high prices, the import of corn is reduced.
In FY 2021/22, imports also fell by 20% compared to the same period last year to 1.95 million tons. Imports will rise to 2.2 million tonnes next year, with most of the supply coming from India.
Read also
Global soybean oil exports fell by 18% in February
European farmers forced to rethink planting plans due to soaring fertilizer costs
Jordan holds wheat reserves sufficient for over 5 months
Hungary calls on EU to suspend tariffs on fertilizers from Russia and Belarus
Palm oil hits annual high amid rising crude oil prices
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon