Corn production in Bangladesh will reach 5.7 mln tons in MY 2024/25

Corn prices in Bangladesh remain high from June 2024 as the feed industry relies on domestic corn. USDA forecasts domestic corn production to reach 5.7 million tons in MY 2024/25.

At the same time, corn imports will rise to 600,000 tons from 576,000 tons in MY 2023/24. USDA notes that this figure is significantly lower than in previous years due to higher domestic production, challenges faced by small importers in opening letters of credit, higher world prices, and a lower export surplus of corn in India. Imports are likely to come from Brazil and India will be left out.

For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.

It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.

You are welcome to get a 7-day free demo access!!!

Tags: crop forecast, corn, imports, Bangladesh