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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.

New Zealand is about to pass and implement legislation to address one of the most concentrated supermarket sectors in the world.

In 2022, New Zealand spent the most it has ever in one year on fertilizer imports, at almost NZ$1.5 billion (US$900 million). However, the total volume imported was 250,000 metric tons (MT), less than the historical average of 2.1 million metric tons (MMT).

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”...