Bangladesh's corn import | Bangladesh’s corn import may plunge in the marketing year (MY) 2023-24 beginning from May owing to reduced requirement of feed in poultry, aqua and other farms, and difficulties faced by millers in importing goods amid the ongoing forex shortage in the country, according to a recent report by the US Department of Agriculture (USDA).
The number of LCs opened in the country has halved in the last six months due to various conditions imposed on the import of products to preserve the country's dollar reserves. The amount of imports to the country has been decreasing continuously since April this year. LCs involving $9.80 billion were opened in the country in March this year, which decreased to $8.42 billion