Bangladesh corn prices soar to a six-year high

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Corn prices in Bangladesh are seeing a six-year high despite expectations of a good harvest this year. The USDA forecasts Bangladesh’s corn production at 5.25mt for marketing year 2022/2023, up from 5.1mt in 2021/2022. Nonetheless, wholesale and retail prices have risen by 31% and 17%, respectively. Higher international prices, growing demand from the feed industry, and supply disruptions due to the Russia-Ukraine war are driving a bullish market. However, the USDA expects prices to soften come harvest time this month.

Editor, Asian Feed Magazine and FeedWatch, Colombo, Sri Lanka. The Russian-Ukraine war has intense implications on the world grain markets and Zahrah has her fingers on the pulse with articles like, ‘Wheat, corn markets shudder over Russia-Ukraine conflict’.