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Soybean consumption to rise in Bangladesh: USDA

Summary by Ground News

USDA forecasted that Bangladesh would buy 24 lakh tonnes of soybean for crushing in local mills in the 2023-24 marketing year. Last year's imports were 41 per cent below the USDAs' official estimate of 27 lakh tonnes.Higher prices and the foreign exchange crisis affected consumption and imports.

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Soybean consumption to rise in Bangladesh: USDA

However, households are shifting to palm oil from soybean for high prices

2 years ago·Bangladesh

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The Daily Star broke the news in Bangladesh 2 years ago on Saturday, March 25, 2023.

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