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

Published 2024년 9월 10일

Tridge summary

Corn prices in Bangladesh have remained high since June 2024 due to reliance on domestic corn by the feed industry. The USDA predicts domestic corn production to reach 5.7 million tons in MY 2024/25, leading to a decrease in corn imports from 576,000 tons in MY 2023/24 to 600,000 tons. These lower imports are attributed to higher domestic production, challenges for small importers, higher global prices, and a reduced export surplus of corn in India. Corn imports are expected to mainly come from Brazil.

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

Original content

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 ...

Source: UkrAgroConsult