Bangladesh’s cotton consumption may remain unchanged in the year from August 2022 to July 2023 owing to lower than expected imports.

As per the US Department of Agriculture (USDA), cotton import by Bangladesh was likely to decline to 8.4 million bales during the period from the estimated 8.5 million bales.

The USDA also, reportedly, forecast lower imports for India, Pakistan, Turkey and Vietnam, while adding Bangladesh’s import declined in the same period between 2021 and 2022 along with that of China and Pakistan.

Bangladesh’s imports declined by 8.7 per cent to 7.9 million bales of cotton from 8.7 million tons the preceding period.

A MatinChowdhury, Managing Director, New Asia Group, claims that volume of orders is reducing even if many are using synthetic and blended cotton owing to higher cotton prices.