Browse Data and Analysis

Cote d’Ivoire’s food processing industry is developing and remains a major importer of ingredients for food processing. These imports will continue to grow as the sector is unable to meet increased demand.

On April 4, 2024, the Government of Bangladesh issued a Statutory Regulatory Order (SRO) allowing the bulk import of animal feed ingredients without labels; fixing an issue that was causing tariffs to be applied to shipments of feed ingredients when bulk containers did not have labels in them.

In MY 2024/25, milled rice production is projected to reach 1.2 million metric tons (MMT), reflecting a five percent increase from MY 2023/24. Post estimates milled rice production for MY 2023/24 at 1.14 MMT, a three percent increase compared to the MY 2022/23 estimate of 1.1 MMT.

Bangladesh continues to increase rice production, for marketing year (MY) 2024/25, Post forecasts rice production at 37.7 million metric tons (MT). With high international prices and increased production, Post forecasts limited opportunities for Bangladesh to import rice in MY 2024/25.

Post forecasts an increase in marketing year (MY) 2024/25 cotton imports on higher global demand for ready-made garments. Despite Bangladesh’s economic challenges, Post maintains MY 2023/24 cotton imports at 7.5 million bales, on lower yarn and fabric imports.

Despite economic challenges and high feed prices, demand for feed is expected to grow in Bangladesh as large commercial poultry farms expand their operations and some major feed producers have initiated contract poultry farming.

In 2022, U.S. exports of consumer-oriented products to Bangladesh were valued at $9.5 million, accounting for less than 1 percent of the market share of the $2 billion in consumer-oriented products Bangladesh imported.

Post slightly lowers the MY 2023/24 rice production forecast due to some minor aman season crop damage caused by a cyclone. Despite the reduced production, Post lowers the rice import forecast to 500 thousand MT, as the Government of Bangladesh maintains its high rice import tariff of 62.5 percent.

Bangladesh is pursuing advanced biotechnological crop research. In June 2023, the Bangladesh Academy of Science submitted a “Standard Operating Procedures for Research and Release of Genome Edited Plants of Categories SDN-1 and SDN-2 in Bangladesh”...

Post lowers the forecast for marketing year (MY) 2023/24 raw cotton imports to 7.5 million bales on lower work orders for garments coupled with Bangladesh’s economic challenges including declining foreign exchange reserves. The export value of ready...

The push for the move toward biotechnology in Cote d'Ivoire began in June of 2015, when the government of Cote d'Ivoire (GOCI) adopted and ratified the Cartagena Protocol.

This is a periodic report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.