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The modern biotech sector in Bangladesh is advancing moderately through research on several crops with support from policymakers, regulators and development partners.
MY 2017/18 (May-April) rice production is forecast down slightly to 32.65 million metric tons on lower Aman variety production caused by unexpected rain during the grain maturing stage.
In Bangladesh, most research and development (R&D) for seeds occurs in the public sector.
The government of Bangladesh (GOB) gradually developed seed laws, policies, and regulations for the seed sector that eventually expanded regulatory oversight over all seed varieties.
The proposed national budget for FY 2014-15 (July-June) is BDT 2.5 trillion ($ 31.6 billion), 15.9 percent higher than last year.