Bangladesh’s cotton consumption will increase significantly
According to the “Daily Star” report on November 23, according to statistics from the United States Department of Agriculture, Bangladesh’s cotton consumption in this year’s cotton year (August 1 to July 31 of the following year) is expected to reach 6.4 million beichons. (approximately 1.395 million tons), a year-on-year increase of 4.91%, mainly due to the increase in cotton consumption in spinning mills and garment factories.
Currently, Bangladesh is the world’s largest cotton importer, with more than 430 spinning mills and spending approximately US$3 billion on cotton imports every year. In 2015/16, Bangladesh imported 6.1 million bela of cotton (approximately 1.33 million tons) and is expected to import 6.3 million bela of cotton (1.373 million tons) in 2016-2017. India is Bangladesh’s largest cotton supplier, accounting for about 50% of Bangladesh’s cotton consumption. Bangladesh’s cotton consumption will increase significantly
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