Source: Ukragroconsult (Ukraine)
According to a report from the USDA Foreign Agricultural Service, Bangladesh is expected to increase its soybean imports to 2.5 million tons in the marketing year 2025/26 (July 2025 – June 2026), marking a rise of 100,000 tons compared to the previous year. This uptick is attributed to the country’s economic recovery following a recession, alongside constant demand for soybean meal in poultry and aquaculture, as well as soybean oil for household use. Meanwhile, local soybean output is projected to hold steady at 155 thousand tons due to a limited area designated for planting.
The agricultural sector in Bangladesh continues to be impacted by the economy, which, despite a slow recovery, faces challenges. In the 2024/25 period, there was a decline in oilseed and crude oil imports, primarily due to a shortage in foreign exchange reserves and a strengthening US dollar. However, the forecast for 2025/26 appears more promising, with crude oil imports anticipated to reach 2.8 million tons, driven by growing demand linked to urbanization, shifting consumer preferences, and advancements in the processing industry.
For the marketing year 2025/26, Bangladesh’s soybean meal production is estimated to be 2 million tons, with imports accounting for 1.2 million tons. This product is essential for livestock and poultry feed, with demand rising in response to population growth and increased protein needs. Additionally, finished soybean meal imports are projected to escalate to 700,000 tons, reflecting the nation’s reliance on external sources.
Experts predict that palm oil will continue to dominate Bangladesh’s imported oils, expected to reach 1.8 million tons in 2025/26. This preference is largely due to its lower cost in comparison to soybean oil, which is anticipated at 900,000 tons. This pricing strategy highlights the country’s aim to manage import costs while ensuring product affordability for its citizens.
The poultry and aquaculture industries are witnessing significant growth in Bangladesh, further boosting the demand for oilseeds. This expansion is underpinned by government initiatives aimed at enhancing export potential by 2030. The USDA report underscores that the consistent development of these sectors will play a crucial role in driving up imports of soybeans and soybean-based products in the future.
