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 U.S. wheat annually. The deal reaffirms the country’s commitment to bolstering national food security and advancing trade relations with the United States. The MOU also helps American wheat farmers gain consistent demand in the Bangladesh market. “Through this MOU signing, the Bangladesh government reiterates its commitment to deepening and renewing its longstanding friendship with the U.S.,” said USW President and CEO Mike Spier. “The delegation emphasizes the need to strengthen and expand trade relations between the U.S. and Bangladesh.” The agreement is also an opportunity for U.S. wheat farmers to demonstrate on a large scale how U.S. farmers can reliably meet the country’s need for high-quality milling wheat. USW also says the procurement of U.S. wheat reflects an effort to address the trade imbalance between the countries.
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