Meghna, City, Delta to import $1 billion worth of US soybean

A consortium of Bangladesh's top three soy crushing companies — Meghna Group, City Group, and Delta Agro — has committed to purchasing $1 billion worth of US soybean over the next one year, the US Embassy in Dhaka said in a statement today.

The landmark agreement with the US Soybean Export Council (USSEC), a trade association representing the interests of US soybean farmers abroad, signals a growing export market for high-quality US agricultural products in Bangladesh.

US Chargé d'Affaires Tracey Jacobson welcomed the agreement, underscoring Bangladesh's increasing significance as a key market for US exports.

She noted that US soybean sales to Bangladesh are expected to triple as a result of this agreement, according to the embassy statement.