World’s second-biggest cotton importer as it is, Bangladesh is going import more cotton from USA in the days to come.
According to media reports, US-based cotton fibre promoters and manufacturers have expressed hopes that the market for American cotton will grow further in Bangladesh while also underlining US has slowly been turning into a good source of cotton for Bangladesh.
The observation was, reportedly, made at a recent technical seminar on ‘US Cotton and the Golden Triangle of Spinning Profitability,’ held in Dhaka recently.
The event was organised by Cotton USA.
Meanwhile, President of the Bangladesh Textile Mills Association (BTMA) Mohammad Ali Khokon, reportedly, maintained 11 per cent of the 8.5 million bales of cotton imported by Bangladesh from the international market in the last fiscal year, was from the US while also adding the import of cotton from the US is likely to reach 14 per cent of total cotton imports for Bangladesh by this year.
