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
Corn prices rise without responding to China’s new forecast for increased ha...
India’s palm oil imports fell to a five-month low in October
Exports to Algeria and the Middle East contributed to an increase in prices for Uk...
First-crop corn planting in Brazil reaches 60% of planned area
China’s soybean stockpiles are piling up, threatening US export plans
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon