Browse Data and Analysis

On August 5, 2024, former Bangladesh Prime Minister Sheikh Hasina resigned after 15 years in power, following weeks of violent protests. A new Interim Government (IG) was formed on August 8, 2024. The political situation is still evolving. For...

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.

Imports of wheat and rice are forecast up in MY2024/25 mainly because of increased consumption. Corn and rice production is expected to increase due to favorable weather conditions, adoption of improved seed varieties, and the implementation of the second phase of the Government of Ghana’s (GOG) farmer support program.

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.

With the late arrival of monsoon rains in Bangladesh, Post lowers its forecasts of rice harvested area and production in marketing year (MY) 2023/24, on decreased aus and aman season rice cultivation.

For marketing year (MY) 2023/24, Post forecasts rice harvested area and production at 11.9 million hectares and 37.1 million metric tons (MT), respectively. Post forecasts MY 2023/24 wheat imports at 6.0 million MT, with corn imports at 2.4 million MT.

In marketing year (MY) 2022/23, Post’s rice harvested area and production forecasts increased slightly to 11.55 million hectares and 35.85 million metric tons (MT), respectively, on a good Aman season harvest.

For marketing year (MY) 2022/23, Post's forecast for rice harvested area and production remain unchanged at 11.5 million hectares and 35.65 million metric tons (MT), the same as the USDA official forecasts. Post's wheat production forecast in MY 2022/23 also remains unchanged from Post's previous projection.

Post forecasts marketing year (MY) 2022/2023 rice harvested area at 11.5 million hectares and production at 35.65 million metric tons (MT), down slightly from the USDA official numbers due to crop damage resulting from heavy floods in the northern part of the country. Local prices of rice, wheat, and corn hit record highs in July 2022.

Forecasts of below average rainfall and extended dry spells in most parts of the country by the Ghana Meteorological Agency, looming shortage and soaring global prices of fertilizer, and a further cutback on fertilizer subsidy rate are set to erode the grain production gains of GOG’s Planting for Food and Jobs program.

Post’s marketing year (MY) 2022/2023 rice harvested area and production forecast is 11.75 million hectares and 36.32 million metric tons (MT), respectively. Local prices of rice, wheat, and corn hit record highs in March 2022 and the Russian invasion of Ukraine has increased volatility. Post forecasts MY 2022/2023 wheat at 7.5 million MT and corn imports at 2.3 million MT.

Post's marketing year 2021/2022 rice harvested area and production forecast is 11.42 million hectares and 35.5 million metric tons, respectively, on reduced Aus rice production. The Government of Bangladesh reduced the rice total tax incidence...