Wheat Buying by Bangladesh Seen Climbing as Prices Decline
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Bangladesh, South Asia’s biggest wheat importer, may boost purchases by 19 percent this year after prices fell to an eight-month low, according to the nation’s Directorate General of Food.
Overseas buying by state agencies, private traders and flour mills may climb to 2.1 million metric tons in the year ending June 30 from 1.77 million tons a year earlier, Badrul Hasan, director of procurement, said in a phone interview.