Bangladesh: Oilseeds and Products Annual

Bangladesh’s feed industry is currently recovering from a difficult marketing year (MY) 2019/20 (i.e., July to June). As a result of the COVID-19 outbreak, animal feed prices increased domestically as feed imports slowed and domestic production was hampered by government lockdown requirements. As Bangladesh’s poultry, cattle, and aquaculture industries re-establish operations, animal feed demand is expected to return to pre-pandemic levels in MY 2021/22. Though, as this report went to publication, the Government of Bangladesh announced a second lockdown because of increased COVID cases. Post forecasts decreased soybean and increased soymeal imports in MY 2020/21 relative to marketing year 2019/20 but notes local soybean production will remain flat at a level of 147,000 metric tons in MY 2020/21.