Bangladesh Commits To Buying American Wheat

Under a newly signed Memorandum of Understanding with U.S. Wheat Associates, the Bangladesh government committed to purchasing 700,000 metric tons, or 25.7 million bushels, of American wheat annually.  The deal reaffirms the country’s commitment to bolstering national food security and advancing trade relations with the United States.

U.S. Growers Can Showcase Their Ability To Meet Needs

“Through this MOU signing, the Bangladesh government reiterates its commitment to deepening and renewing its longstanding friendship with the United States,” said USW President and CEO Mike Spier. “The delegation emphasized the need to strengthen and expand trade relations with the Trump Administration, with a particular focus on reducing the existing trade imbalance between the United States and Bangladesh. The agreement also provides an opportunity to demonstrate on a large scale how U.S. farmers can reliably meet the country’s need for high-quality milling wheat."

At July 20th signing ceremony, U.S. Ambassador to Bangladesh Tracey Ann Jacobson joined senior officials from USDA and the Bangladesh Ministry of Food.  On behalf of the United States, Joe Sowers, USW Regional Vice President for South and Southeast Asia, signed the MOU with the Government of Bangladesh, represented by Md Abul Hasanath Humayun Kabir, Director General of the Directorate General of Food.

This commitment, USW noted, underscores the Bangladesh government’s intent to maintain a stable and diversified wheat supply while forging stronger ties with the U.S. agricultural sector. Bangladesh has historically acted as a swing buyer of U.S. wheat when prices are competitive.  U.S. wheat purchases have ranged from no imports to the last high of 450,000 MT (16.5 million bushels) in the 2019/20 marketing year.  The most recent significant purchase was approximately 150,000 MT (5.51 million bushels) of U.S. hard red spring (HRS) wheat in 2023/24.

MOU Will Help Address Trade Imbalance

“This agreement marks a strategic step toward strengthening Bangladesh’s food supply chain while promoting mutually beneficial trade,” Sowers said. “The inclusion of U.S. wheat in Bangladesh’s procurement quota reflects a concerted effort to address the trade imbalance between our countries."

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