BANGLADESH LIKELY TO BECOME WORLD’S TOP COTTON IMPORTER THIS YEAR
January 1st, 2016
Bangladesh is set to become the world’s largest cotton importer, with China’s cotton consumption waning and its south Asian rival expanding its textile manufacture. Bangladesh’s apparel and textile industry is boosting its spinning capacity to handle this growth.
The latest statistics from the International Cotton Advisory Committee (ICAC) suggests Bangladesh soon will overtake China as the world’s biggest importer of fibre (lint).
ICAC’s forecast shows Bangladesh’s cotton imports are expected to surge 1.04 million tonnes in the August 2015 to July ...
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