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On August 5, 2024, former Bangladesh Prime Minister Sheikh Hasina resigned after 15 years in power, following weeks of violent protests. A new Interim Government (IG) was formed on August 8, 2024. The political situation is still evolving. For...
The FAIRS Annual Country Report contains baseline information for Bangladesh as it relates to agricultural and food products. In addition to an overview of the Government of Bangladesh’s regulatory infrastructure on production and import control policies this report includes FAS/Dhaka’s assessment of laws and requirements for food and agricultural imports.
This report outlines the technical requirements and certificates for exporting food and agricultural products to Bangladesh. Post has made changes to Sections, I, II, and IV.
In 2023, U.S. exports of consumer-oriented products to Bangladesh were valued at $17.1 million, accounting for less than 1 percent of the market share of the $2 billion in consumer-oriented products Bangladesh imported.
On April 4, 2024, the Government of Bangladesh issued a Statutory Regulatory Order (SRO) allowing the bulk import of animal feed ingredients without labels; fixing an issue that was causing tariffs to be applied to shipments of feed ingredients when bulk containers did not have labels in them.
Bangladesh continues to increase rice production, for marketing year (MY) 2024/25, Post forecasts rice production at 37.7 million metric tons (MT). With high international prices and increased production, Post forecasts limited opportunities for Bangladesh to import rice in MY 2024/25.
Post forecasts an increase in marketing year (MY) 2024/25 cotton imports on higher global demand for ready-made garments. Despite Bangladesh’s economic challenges, Post maintains MY 2023/24 cotton imports at 7.5 million bales, on lower yarn and fabric imports.
Despite economic challenges and high feed prices, demand for feed is expected to grow in Bangladesh as large commercial poultry farms expand their operations and some major feed producers have initiated contract poultry farming.
In 2022, U.S. exports of consumer-oriented products to Bangladesh were valued at $9.5 million, accounting for less than 1 percent of the market share of the $2 billion in consumer-oriented products Bangladesh imported.
Post slightly lowers the MY 2023/24 rice production forecast due to some minor aman season crop damage caused by a cyclone. Despite the reduced production, Post lowers the rice import forecast to 500 thousand MT, as the Government of Bangladesh maintains its high rice import tariff of 62.5 percent.
Bangladesh is pursuing advanced biotechnological crop research. In June 2023, the Bangladesh Academy of Science submitted a “Standard Operating Procedures for Research and Release of Genome Edited Plants of Categories SDN-1 and SDN-2 in Bangladesh”...
Post lowers the forecast for marketing year (MY) 2023/24 raw cotton imports to 7.5 million bales on lower work orders for garments coupled with Bangladesh’s economic challenges including declining foreign exchange reserves. The export value of ready...