Bangladesh: Grain and Feed Update
For MY 2016/17 (May to April) the rice planted area and production forecast is marginally raised to 11.76 million HA and 34.58 MMT. The MY 2016/17 wheat production estimate is unchanged. The rice import estimate is lowered on announced increased tariff rates in the FY 2016-17 budget of the government of Bangladesh (GOB). The wheat import estimate is raised on increased demand driven by changing consumption patterns. Price per kilogram of rice is higher than wheat flour in the open market. Rice and wheat stocks are lowered since this year the GOB will increase rice and wheat distributions to the poor. The GOB has also signed contracts to import wheat from Russia.
