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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.
For marketing year (MY) 2023/24, Post’s soybean import forecast is 2.4 million MT, on Bangladesh rebounding from its current economic slowdown, while local soybean production remains flat.
Edible oil prices have been trending higher and are now increasingly volatile due to poor market transparency and the Russian invasion of Ukraine. Post forecasts MY 2022/2023 soybean imports up to 2.8 million MT, while local soybean production remains flat.
Bangladesh’s feed industry is currently recovering from a difficult marketing year (MY) 2019/20 (i.e., July to June).
FAS Sofia expects Bulgarian oilseed production to rebound in marketing year (MY) 2021/22.
South Asia, which includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, accounts for 24 percent of the world’s population, with 1.84 billion people in 2019.
Following the conclusion of Bulgaria’s MY 2020/21 sunflower harvest in late October, the Ministry of Agriculture (MinAg) reported lower than expected yields and production.
Following the conclusion of Bulgaria’s rapeseed harvest in late July, Ministry of Agriculture (MinAg) and industry reports indicate lower than expected yields and production.
Bulgarian rapeseed production in marketing year (MY) 2020/21 is forecast lower at 300,000 metric tons (MT), an all-time low.
Bulgarian oilseed prospects for MY 2020/21 remain unclear. The rapeseed crop may hit an all-time low, although Bulgarian sunflower production is expected to surpass last year.
Post forecasts a decline in Bulgaria’s rapeseed area planted and production in marketing year (MY) 2020/21 due to dry fall planting conditions.
Post forecasts Bulgaria’s rapeseed area and yield in marketing year (MY) 2019/20 will be lower due to drought conditions during the 2018 fall planting season, followed by insufficient 2018/19....