The Government of Bangladesh has agreed to purchase 700,000 metric tons of U.S. wheat annually for the next five years under a new Memorandum of Understanding (MOU) signed with U.S. Wheat Associates.
The agreement, signed July 20 in Dhaka, aims to bolster Bangladesh's food security while providing consistent demand for U.S. wheat farmers. It represents a significant increase from recent years, with U.S. wheat purchases by Bangladesh ranging from zero to 450,000 metric tons annually since 2019.
"This MOU signing reiterates Bangladesh's commitment to deepening its longstanding friendship with the United States," said Mike Spier, president and CEO of U.S. Wheat Associates.
The deal also addresses trade imbalances between the two countries, a key focus for the Trump administration.
U.S. Ambassador to Bangladesh Tracey Ann Jacobson attended the signing ceremony, along with officials from the U.S. Department of Agriculture and Bangladesh's Ministry of Food.
Joe Sowers, U.S. Wheat Associates regional vice president, signed on behalf of the United States, while Md Abul Hasanath Humayun Kabir, director general of Bangladesh's Directorate General of Food, represented the Bangladesh government.
The agreement is expected to showcase U.S. farmers' ability to reliably supply high-quality milling wheat to meet Bangladesh's needs.
