Growth in poultry sector fuels Bangladesh corn production

03.05.2017

In marketing year 2016/17 corn production in Bangladesh is estimated at 2.8 million tonnes. Assuming normal growing conditions, in 2017/18 corn planted area is forecast at 440,000 ha and production at 3.1 million tonnes on expectation of increase in feed demand from poultry and aquaculture industries, said the latest US Department of Agriculture Foreign Agriculture Service (FAS) report.

“Corn market price mechanisms are sensitive and farmers in turn respond quickly to price changes of corn and competing crops. One study estimated that an increase in corn price by 10% leads to a rise in production of 4%,” said the FAS report.


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