Brazil Soybean Exports to Bangladesh Open New Feed Route

• Brazil-Bangladesh route opened: Cofco International completed its first-ever 40,000-ton soybean shipment from Brazil to Bangladesh.
• Feed demand support: Meghna Group of Industries will use the soybeans for animal feed targeting both domestic and export markets.
• Competitive pressure: Brazil’s market diversification into South Asia adds competitive headwinds for Black Sea oilseed and meal suppliers in secondary Asian markets.
• Freight and flows to watch: A sustained Brazil–Bangladesh corridor could influence regional freight rates and trade patterns across Asian feed destinations.

Cofco International Opens Bangladesh Soybean Route from Brazil

Brazilian grain supplier Cofco International has launched a new export route into South Asia with its inaugural soybean shipment to Bangladesh. The cargo totals 40,000 tons of Brazilian soybeans and was purchased by Meghna Group of Industries (MGI), a major Bangladeshi agribusiness conglomerate.

MGI will process the soybeans into animal feed, supplying both Bangladesh’s domestic livestock and poultry sectors and its export-oriented feed channels. The new flow extends Cofco International’s footprint beyond its established certified soybean trade lanes to China and key Southeast Asian destinations, marking the company’s first direct entry into the Bangladeshi market.

Market Impact and Competitive Landscape

The move is strategically important as Brazil continues to diversify demand beyond traditional large-scale buyers. While Bangladesh is not a core outlet for Black Sea soybeans, the establishment of a Brazil–Bangladesh corridor underscores intensifying competition from South America in Asian feed markets.

At 40,000 tons, the initial volume is modest, but it signals Brazil’s readiness to target smaller and emerging Asian importers. Over time, this may constrain growth opportunities for Ukrainian and Russian oilseed and meal exports in secondary Asian markets, especially if Brazilian supply remains competitively priced and logistics are optimized.

For traders focused on the Black Sea region, the development is neutral to slightly bearish: it does not immediately displace existing flows, but it contributes to a more crowded competitive environment in Asia. Market participants should monitor whether repeat shipments materialize and how this affects regional freight spreads, basis levels, and demand allocation across origins.

Source: Market Data