Bangladesh: Grain and Feed Update
For marketing year (MY) 2017/18 (May to April), Post’s estimates for total rice area and production is lowered to 11.3 million hectares and 33.1 million tons (MMT) due to heavy and prolonged rain and flooding. In MY 2017/18, the rice import forecast is raised to 1.6 million tons to boost depleted rice stocks. In MY 2017/18 (July-June), Post’s wheat import forecast is raised to 6.5 million tons due to accelerated domestic consumption in the processed food industry. The corn production estimate in MY 2017/18 is raised to 3.3 MMT owing to increased yield of imported varieties and favorable weather.
