Bangladesh: Grain and Feed Update

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. However, Post's forecast for corn in MY 2022/23 fell slightly, based on Bangladesh's Department of Agricultural Extension revised crop production data. The prices of rice, wheat, wheat flour, and corn in local markets reached record highs due to higher international prices, increased freight costs, appreciation of the U.S. dollar, and high inflation. Post increased the trade year 2021/22 rice import estimate on the Bangladesh government's decision to purchase rice from Vietnam, Myanmar, and India under government-to-government agreements. Post reduced its MY 2022/23 wheat import forecast on higher import costs, lower consumer demand, and India's wheat export ban.