Bangladesh: Grain and Feed Update
Post’s marketing year (MY) 2016/17 (May/April) rice production is forecast marginally lower at 34.51 million metric tons (MMT) on estimated lower planting (11.7 million hectares). Based on the latest customs data, MY 2015/16 rice imports are lowered to 0.22 MMT. MY 2016/17 rice imports are also revised lower to 0.15 MMT on sufficient domestic supplies and uncompetitive imports due to the government decision to raise import duty to 25 percent. Post’s MY 2016/17 (July/June) wheat import forecast is raised to 4.4 million tons on expectation of strong domestic demand and expected low international prices.
