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Message: [QUOTE="Munyaradzi Mafaro, post: 64609, member: 636"] HSBC has provided support to Solidaridad Network Asia to promote climate-resilient soybean farming in Bangladesh’s coastal region through the project “Improving Prosperity and Sustainability of Bangladesh Feed and Oil Industry through Soybean Farming.” The initiative helps farmers adapt to rising salinity and changing weather conditions, thereby protecting their livelihoods and ensuring food security. More than 40,000 farmers across 42,000 hectares are growing high-yield, short-duration, and saline-tolerant soybean varieties. These crops enhance soil health and increase yields, resulting in higher incomes and greater resilience to environmental pressures. Soybeans are crucial for the country’s feed and oil industries, helping to reduce import dependence and ensure affordable protein for the livestock, fisheries, and poultry sectors. The project also supports female entrepreneurs and small businesses. Women-led enterprises in Noakhali are producing soy-based foods such as tofu and nuggets, now available in Dhaka supermarkets. This strengthens direct connections between smallholder farmers and consumers, creating inclusive value chains. Farmers report improved returns and income growth by adopting new seed technologies and climate-smart agriculture practices, with some seeing returns on investment of over 160 percent and income increases near 36 percent. HSBC and Solidaridad aim to empower farmers, boost local supply chains, and support sustainable agricultural growth, improving both livelihoods and national food security. [/QUOTE]

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