Amazing maize success in Bangladesh

Published 2020년 11월 14일

Tridge summary

Bangladesh is planning to increase its maize production to 10 million tons by 2025 and become a maize exporting country. This comes after a record seven-fold increase in annual maize output from 0.75 million tons in 2009 to 5.4 million tons this year, due to higher profit margins for farmers, policy support, and the burgeoning feed industry. The country currently falls short of its domestic maize requirements of 6.5 million tons and relies on imports. However, maize production faces challenges such as the need for more land and the growing infestation of fall armyworm. The Agriculture Ministry is working with the Bangladesh Wheat and Maize Research Institute and the International Maize and Wheat Improvement Center to identify key areas for research and investment in maize production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Riding on phenomenal success in maize production growth, Bangladesh is now looking to a further expansion of the acreage and output of the country’s second biggest cereal crop after rice and tapping the export market within the next five years. Thanks to farmers’ gaining higher profit margins, right policy support and a burgeoning feed industry, Bangladesh’s annual maize output hit a record seven-fold increase from 0.75 million tons in 2009 to 5.4 million tons this year. The Agriculture Ministry now envisages a plan to increase maize production to 10 million tons by 2025, thereby turning Bangladesh into a maize exporting country from an importing one. With an ever-increasing rise in demand, largely owing to the fish, dairy and poultry feed industry, Bangladesh is still about a million tons short of meeting its domestic maize requirements of 6.5 million tons. Yet private traders exported 20,000 tons of maize to Nepal for the first time last year. With over 36 million tons of annual ...
Source: DhakaTribune

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.