US Soybean sees huge mkt potential in Bangladesh

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soybean is more nutritious than other types produced in different countries.

The US soybean council focuses on differentiating, elevating preference, and attaining market access for the use of US soy for human consumption, aquaculture and livestock feed in more than 80 countries.

He said the US soybean exporters have a commitment to achieve its sustainable development goals (SDGs) that include zero hunger, clean water and sanitation and responsible consumption and production.

The official added that they have comparatively low carbon emitters than other countries in the production of soybean.

Besides, Khabibur Rahman, team leader of USSEC of Bangladesh, said the US soybean has a 37 percent market share of 2.1 million tonnes of soyabean import. He said the demand would likely go up to 2.7 million tonnes this year.

The Meghna Group, City Group and TK Group are the major importers of soybean in Bangladesh. Some other groups are also looking to import soybean in the country, USSEC Bangladesh team leader said. The USSEC has found poor infrastructure as a disadvantage in export, which also consumes more time.

At the conference, former director of the Bangladesh Bank Khondkar Morshed Millat said that the government has a series of policies to promote green funding at a minimum three to five percent interest rate.

“But the poor campaign and lack of information dissemination delayed the government’s green funding governance,” he said.

The conference was moderated by Deeba Giannoulis, Head of Marketing for USSEC South Asia and Sub-Saharan Africa.

Dennis Fujan of Nebraska, American Soybean Association, Juhi Gupta, director sustainability of TETRA in South Asia, Niamrita Rana, director strategy of FUTURESCOPE, Alka Upadhyay, partner climate change and sustainability services EY, Professor Eresha Mendis and Lucas Blaustein, regional agriculture Attache of USDA Dubai attended at the conference.

[source: Daily Sun]

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