Dhaka, Nov. 4 -- In a major boost to bilateral trade, a consortium of Bangladesh's top soy crushing companies, Meghna Group, City Group, and Delta Agro, has committed to purchasing $1 billion worth of U.S. soybeans over the next twelve months.

The landmark agreement with the U.S. Soybean Export Council (USSEC), a trade association representing U.S. soybean farmers abroad, marks a significant step toward strengthening U.S.-Bangladesh agricultural cooperation and expanding access to high-quality U.S. agricultural products in Bangladesh, said a US embassy's press release in Dhaka on Tuesday..

U.S. Charge d'Affaires Tracey Jacobson welcomed the agreement, noting that U.S. soybean sales to Bangladesh are expected to triple as a result, repor...