Bangladesh is becoming a promising market for grains and pulses from Russia

Published 2024년 8월 13일

Tridge summary

In the 2023–2024 agricultural year, Russia saw a significant increase in agricultural exports to Bangladesh, with a record 3.5 million tons of wheat making up over half of the country's total wheat imports. Wheat exports from Russia to Bangladesh nearly doubled compared to the previous year, and pea and mustard seed exports also saw substantial increases. First-time exports of barley and potential future corn exports to Bangladesh present promising opportunities for Russia to further expand its agricultural presence in the Bangladeshi market. The trade turnover between the two countries in 2023 increased by 16.5% to $2.7 billion, with discussions underway for a long-term supply of grain products from Russia to Bangladesh.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the 2023–2024 agricultural year, Russia exported a record volume of wheat to Bangladesh and significantly increased its pea supplies. Barley is becoming a promising agricultural crop for supplies to this country, and there are also good chances for corn, says Ruslan Khasanov, Director of the Federal State Budgetary Institution “Grain Quality Assessment Center”. “In 2023–2024, Russia exported a record 3.5 million tons of wheat to Bangladesh, which accounted for more than half of the total import of this crop to the country during this period. Compared with the previous agricultural year, the volume of wheat exports from our country to Bangladesh increased by almost 2.5 times; in 2022–2023, they amounted to 1.4 million tons,” the press service of the institution quotes Ruslan Khasanov as saying. In total, Bangladesh imported 6.5 million tons of wheat in the 2023–2024 season, with domestic consumption amounting to 7.3 million tons. According to industry experts, wheat imports are ...

Source: Zol