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Bangladesh 2014 Wheat Production Estimated Higher

04 June 2014

BANGLADESH - Harvesting of the 2014 mostly irrigated small wheat crop was completed by April. FAO’s latest estimates point to a production increase of 2 percent from last year’s good level to 1.3 million tonnes. This reflects a slight expansion in area planted due to high prices at sowing time and improved yields, following adequate supplies of irrigation water.

Planting of the 2014 Aus season rice crop is nearing completion. According to remote-sensed data, rainfall from early March to mid-May over the main rice-producing areas has been above-average, facilitating land preparation and early crop development. FAO’s initial forecasts put this season’s output at 3.6 million tonnes, 3 percent above the corresponding season of last year. Assuming a good monsoon season and continued Government support to the rice sector, FAO tentatively forecasts the 2014 aggregate rice production (including the ongoing Aus, Aman and Boro seasons) at 52 million tonnes, similar to last year’s record output. On average, Aus, Aman and Boro seasons account for 7, 38 and 55 percent, respectively of annual paddy production.

The 2013 aggregate rice production officially estimated at a record level

Harvesting of the 2013/14 mostly irrigated main Boro rice crop has just been concluded. The output is officially estimated at a record level 28.5 million tomes, slightly up on last year’s bumper output of the same season. In aggregate, 2013 rice production is officially estimated at a record level of 51.5 million tonnes, up 2 percent from the 2012 good output. This reflects a slight expansion in area planted and record yields, following favourable weather conditions during the cropping seasons and Government support to the rice sector, in form of seed, fertilizer and fuel subsidies.

Higher cereal imports in 2013/14 marketing year (July/June)

In aggregate, the country’s cereal imports for the current 2013/14 marketing year (July/June) are forecast at 3 million tonnes, almost 60 percent higher than last year’s below-average level. The projected increase mainly reflects higher wheat imports, which are expected to increase by 40 percent to 2.6 million tonnes from last year’s low level, reflecting Government efforts to restore stocks for the public distribution programmes and stabilize domestic prices. Rice imports, mainly by private traders, are forecast to increase to 400 000 tonnes in 2014 from the 150 000 tonnes last year, prompted by lower prices in international market.

Rice prices stable but at high levels

Domestic rice prices remained stable in April ahead of the 2013/14 Boro season harvest. Rice prices are expected to decline further in the coming months when the bulk of the harvest will enter the markets. Prices of wheat flour decreased slightly in April as a result of improved availabilities from the recently-completed 2014 wheat harvest as well as distributions by the Government through open market sales.

According to the Central Bank of Bangladesh the year-on-year CPI in April 2014 was recorded at 7.5 percent relative to the same period last year.

Localized food insecurity persists

The negative effects of frequent natural disasters, including localized floods during the 2013 cropping season have affected the food security of the vulnerable households. Simliarly, the relatively high domestic rice prices are limiting access to food of low-income groups of the population.

TheCropSite News Desk



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