News

Bangladesh to cut soybean imports in 2023

Soybean
Oil & Fats
Bangladesh
Market & Price Trends
Published Jan 24, 2024

Tridge summary

In 2023, Bangladesh saw a decrease in its soybean imports for the third year in a row, bringing it down to 1.75 million tons, a reduction of 0.4 million tons annually, as reported by Oil World. The majority of these imports came from Brazil, the USA, and South Africa. Despite this, the country's soybean meal imports hit a six-year high in 2023, with an estimated 0.7 million tons, showing an increase of 0.1 million tons from 2022.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to Oil World (Germany), in 2023, Bangladesh reduced soybean imports for the third year in a row to 1.75 million tons (-0.4 million tons per year). Bangladesh imported the main volumes of oilseeds last year from Brazil (820 thousand tons), the USA (626 thousand tons) and South Africa (296 thousand tons). At the same time, the country's soybean meal imports in 2023 reached their ...
Source: Oilworld
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