Bangladesh Firms Sign $1.25 Billion Landmark Deal to Boost U.S. Soy Imports

In a major breakthrough for bilateral trade, Bangladesh’s soy processing industry and soybean meal importers have pledged to purchase more than $1.25 billion worth of U.S. soybean and soybean meal under a landmark agreement aimed at strengthening the country’s protein and feed sectors while reducing its trade deficit with the United States.The deal—representing nearly 2.5 times the country’s previous U.S. soy purchases—was signed between Bangladesh’s leading soy value chain companies and the United States Soybean Export Council (USSEC) at two separate ceremonies in a city hotel on Tuesday, attended by importers, mill owners, diplomats, and business leaders.Participating Bangladeshi companies include Meghna Group of Industries, City Group, Delta Agrofood Industries Ltd., Mahbub Group, and KGS Group, all of whom have committed to scaling up imports over the next 12 months.Boost for Bangladesh’s Protein SectorAt the signing ceremony, Kevin M Roepke, USSEC’s Executive Director for the Middle East, North Africa, and South ...

• 05 Nov 2025