Dhaka, Nov. 5 -- A consortium of Bangladesh's top three soy crushing companies, Meghna Group, City Group, and Delta Agro, committed to the purchase of USD 1 billion of US soybeans over the following twelve months, a spokesperson to the U.S. Embassy in Dhaka said on Tuesday.

"The landmark agreement with the US Soybean Export Council (USSEC), a trade association representing the interests of US soybean farmers abroad, signals a growing export market for high-quality US agricultural products in Bangladesh", said Poornima Rai, spokesperson to the US Mission in Bangladesh.

"US Charge d'Affaires Tracey Jacobson welcomed the agreement, underscoring Bangladesh's increasing significance as a key market for U.S. exports and noting that US soybean...