Bangladesh to Purchase $1 Billion in U.S. Soybeans Following New Trade Agreement
U.S. Secretary of Agriculture Brooke Rollins announced this week that the Trump Administration has secured a new trade agreement that will significantly boost U.S. soybean exports. The deal marks another key step in expanding global agricultural markets following the administration’s recent trade agreement with China.
“America Means Business! Following up on President Trump’s historic trade deal with China, other countries are lining up to buy American soybeans! Today, Bangladesh’s top three soy crushing companies agreed to purchase $1 billion of U.S. soybeans over the next year. That’s 3 times more U.S. soybeans than Bangladesh purchased in 2024! Thank you to the President for leading the way and promoting U.S. agriculture globally! We will continue to aggressively open up markets for U.S. farmers across the globe,” said Secretary Brooke Rollins in a post on X.
According to the U.S. Department of Agriculture (USDA), the agreement will see Bangladesh’s three largest soybean processors buy $1 billion worth of U.S. soybeans over the next year, representing a threefold increase from last year’s purchase levels. The announcement comes as global demand for protein and feed ingredients continues to grow, particularly in developing markets.
The American Soybean Association (ASA) praised the news, expressing gratitude to the USDA, the U.S. Soybean Export Council, and administration officials for their ongoing efforts to open and strengthen international markets for U.S. soy.
“This news is a major win for soybean farmers and a meaningful step in expanding reliable market access for U.S. agriculture,” said ASA President Caleb Ragland. “As Bangladesh’s demand for protein grows, U.S. soy farmers stand ready to supply a dependable, sustainable product that delivers value for our global partners and supports farm families and rural communities across America.”
The ASA noted that Bangladesh ranked among the top 15 markets for U.S. soy exports in the 2023/2024 marketing year and sees “tremendous growth potential” ahead. The nation’s expanding poultry, aquaculture, and food processing sectors are fueling greater demand for high-quality soymeal and soy oil, making the United States a preferred supplier.
This agreement reinforces the administration’s strategy to diversify export markets and strengthen U.S. agricultural trade relationships beyond China, supporting long-term stability for soybean growers and the broader American farm economy.
With rising global demand for sustainable protein sources, the Bangladesh deal represents not only a financial milestone but also a strategic win for the U.S. soybean industry, which continues to serve as a cornerstone of American agricultural exports.
Audio Reporting by Dale Sandlin for Southeast AgNet.