• then oilseed complex capturing market opportunities in Bangladesh
  • then oilseed complex capturing market opportunities in Bangladesh
  • then oilseed complex capturing market opportunities in Bangladesh
  • then oilseed complex capturing market opportunities in Bangladesh
  • Why is rapeseed oil consumption increasing in Bangladesh?
  • Mustard/rapeseed oil consumption is projected to increase due to higher domestic production. Bangladesh’s economy is currently facing several challenges including high inflation, the depreciation of the local currency, the taka, and a depletion of the foreign currency (forex) reserves.
  • How many MT of rapeseed/mustard are there in Bangladesh?
  • Post estimates MY 2023/24 rapeseed/mustard ending stocks at 125 thousand MT. Among the oilseeds produced in Bangladesh, only mustard and sunflower are crushed for edible oil production. Domestically produced oilseeds meet about 15 to 20 percent of the country’s edible oil requirements. The remainder is imported as crude oil or as oilseeds.
  • Is rapeseed oil marketed as mustard oil in Bangladesh?
  • Edible oil extracted from rapeseed and mustard seed is marketed as “mustard oil” in Bangladesh. Post forecasts MY 2024/25 rapeseed/mustard oil production at 660 thousand MT on high domestic production of rapeseed/mustard. There are several private companies who produce “mustard oil” and sell bottled mustard oil throughout the country.
  • Why are commercial farms expanding their operations in Bangladesh?
  • However, the growing poultry, aqua, and dairy sectors require more formulated feed, and the commercial farms are expanding their operations to meet the egg, meat, fish, and milk demand. According to FIAB and Bangladesh Poultry BPICC, 140 feed companies in Bangladesh collectively produce 6.5 million metric tons of commercial feed.
  • Why is demand for feed growing in Bangladesh?
  • Oilseeds and Products Despite economic challenges and high feed prices, demand for feed is expected to grow in Bangladesh as large commercial poultry farms expand their operations and some major feed producers have initiated contract poultry farming.
  • Does Bangladesh produce soybean oil?
  • For MY 2023/24, Post estimates soybean oil production to be 350 thousand MT, up about 17 percent from MY 2022/23 Post estimate, due to higher soybean imports and increased crushing. Bangladesh does not produce any palm oil. Edible Oil Price Volatility Continues In Bangladesh, most people use soybean oil and palm oil for cooking.