Bangladesh: Grain and Feed Annual

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. High local prices of rice, wheat, wheat flour, and corn are continuing throughout MY 2022/23. In MY 2022/23, Post estimates lower imports and consumption of wheat and corn due to high prices, decreased demand by both consumers and the feed industry, appreciation of the U.S. dollar, and delays in opening letters of credit stemming from a lack of U.S. dollars in Bangladesh.