In Kenya, Milling Middle East & Africa reported that Bangladesh’s leading soy processors and importers have pledged to purchase U.S. soybeans and soybean meal worth $1.25 billion.
The letters of intent were signed on November 4, 2025, by major players in Bangladesh’s soy value chain, Meghna Group of Industries, City Group, Delta Agrofood Industries Ltd., Mahbub Group, and KGS Group, in collaboration with the U.S. Soybean Export Council (USSEC).
The agreement marks one of the largest single commitments to U.S. soy by any South Asian country to date.
According to the U.S. Department of Agriculture (USDA), U.S. soybeans were Bangladesh’s top agricultural import in 2024, valued at $350 million, according to the report.
Bangladesh has become the strongest market for U.S. soy in South Asia, with imports of U.S. soybean meal rising 650% year-on-year, it added.
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Category: Food & Agriculture
