The Bangladesh government is set to procure 450,000 tonnes of wheat from Russia, Bulgaria, Romania (mainly sourced from Ukraine), and an undecided origin as global wheat prices have cooled down from previous volatility. Of this total, 300,000 tonnes will be procured from Russia through government-to-government (G2G) terms, while 50,000 tonnes each will be purchased from Bulgaria and Romania through international tenders.
An additional 50,000 tonnes of wheat is being imported through an ongoing international tender, and the source has not been determined yet. Approximately 46,000 tonnes of wheat have already been imported, and private wheat imports are resuming after months of stagnation. This comes after a wheat import crisis in Bangladesh due to the Russia-Ukraine war, causing surges in international wheat prices. Despite global wheat prices decreasing to $266 per tonne from $378 a year ago, local prices have not fully adjusted. Wheat is the second major food grain of Bangladesh. Against the annual demand of 70 lakh tonnes, the country produces only 10-12 lakh tonnes. The rest is imported to meet the demand.
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