Browse Data and Analysis

Despite a slight reduction in planted area, 2023/2024 wheat production is forecast to reach 27.0 million tons, two percent higher than last year. With consumption growth expected to outstrip the increase in production, 2023/24 wheat imports are forecast to reach 2.6 million tons.

Cotton production is forecast to rebound 36 percent to 5.3 million bales in 2023/24. After the flood damaged 2022/23 crop, yields should return to trend, while better returns from competing crops will limit area expansion.

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) 2023/24, Post forecasts wheat area harvested will reach 215,000 hectares (ha) and production will total 1.32 million metric tons (MMT), unchanged from MY 2022/23 as production was limited by the high costs of inputs.

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.

On March 3, 2023, India’s Ministry of Fisheries, Animal Husbandry and Dairying/Department of Animal Husbandry and Dairying (DAHD) published on its website, a revised integrated veterinary health certificate (VHC), that incorporates the DAHD’s sanitary requirements along with those of the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India’s (FSSAI) (national food safety authority) food safety requirements.

India’s rapeseed and mustard (rapeseed-mustard) production estimate for marketing year (MY) 2022/2023 (October-September) is forecast to drop slightly to 11.4 million metric tons, harvested from a record 9.2 million hectares following a favorable monsoon performance in the state of Rajasthan.

The wine production area in Chile spans from the Atacama to Araucania region, with vineyards scattered up and down the regions’ valleys. Chilean area planted for wine totaled 130,086 hectares in 2021.

In February, wildfires ravaged central Chile throughout the the Maule, Biobio, Ñuble, and Araucania regions. The fires expanded quickly due to high temperatures and windy conditions, causing loss of lives, destruction of homes, and damage to basic infrastructure.

On February 27, 2022, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) notified on its website Direction 1-94/FSSAI/SP (Claims and Advertisement)/2017.

On February 24, 2023, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) issued an order pertaining to FSSAI Order TIC-20012/2021-IMPORTS-FSSAI (E2475), extending the compliance date for a third time for Imports of Milk, Pork, and Fish Products.

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