Soybean production, imports in Bangladesh projected to increase

10.04.2018

Soybean area and production levels for marketing year (MY) 2018/19 -July to June) in Bangladesh are projected to increase to 80,000ha and 152,000 tonnes respectively, due to a switch from Boro rice production. According to a USDA GAIN report, soybean planting area and production estimates for MY 2017/18 are lowered to 60,000ha and 114,000 tonnes due to unsuitable conditions for planting at the optimal time, and the shift of land to Boro rice cultivation due to an expected higher harvest price.

Meanwhile, MY 2018/19 soybean and soymeal imports are estimated to increase to 1.1 million tonnes and 550,000 tonnes respectively, to keep pace with demand in the feed industry, as well as growth in the livestock and fisheries sectors, the report said.


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