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Bangladesh Wheat Production Estimated at 1.15 Million Tons

14 June 2012
USDA Foreign Agricultural Service

BANGLADESH - Bangladesh wheat production in MY 2011/12 is expected to reach 1.15 million tons, bringing import demand to 1.7 million tons. Bangladesh rice production is estimated at 33.5 million tons, with imports reaching 635,000 tons in MY 2011/12.

Production of Rice and Wheat

Based on the latest official data, Bangladesh rice production in MY 2011/12 (May-April) is estimated at 33.5 million tons comprising of 18.4 million tons of Boro (planted in December/January and harvested in May/Jun), 2.33 million tons of Aus ((planted in March/April and harvested in June/July) and 12.8 million tons of Aman (planted in July/August and harvested in November/December). The MY 2011/12 wheat production is estimated marginally higher at 1.15 million tons.

Prices

With successive good harvests and a stable rice supply situation, rice prices in Bangladesh have been generally declining since October 2011. In April, 2012 the average wholesale price for coarse rice was 24,700 Taka (US $301) per ton, while the retail price was 28,500 Taka (US $347), approximately 20 and 11.8 percent lower respectively than the prices one year ago. Wholesale and retail prices of wheat flour are 26,800 Taka ($326) and 31,000 Taka ($378), respectively 1.3 percent and 3.2 percent higher than a year ago.

Imports

According to official estimates, MY 2011/12 (May-April) rice import is estimated at 635,000 tons of which about 89 percent were through government purchases.

MY 2011/12 wheat imports through to the second week of May, 2012 reached 1.58 million tons, of which about 68 percent was through private commercial imports. Considering current domestic price levels, wheat imports are expected to reach 1.7 million tons in MY 2011/12. The current availability of wheat and rice in the market has triggered a stop on government imports even though purchases are 247,000 below the targeted number.

Further Reading

You can view the full report by clicking here.

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