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Over the past five years, cotton consumption growth 55% - Bangladesh Textile information - Textile net - Textile integrated service provider
Media news, although over the past four weeks ICE cotton futures price volatility, but Bangladesh's yarn prices still remain strong. Influenced by seasonal cotton import growth, domestic cotton yield increased in Bangladesh. It is reported that Bangladesh textile industry relies heavily on imported cotton, especially in the cotton, cotton and Indian demand for cotton. According to the U. S. department of agriculture ( 美国农业部) Prediction, 2017/18 ( From August to July) Bangladesh's cotton imports rose 10. Compared with 12 4%, cotton consumption. 3%. In the past five years, Bangladesh's cotton imports and consumption increased by 48% and 55% respectively. From 2012 to 2017, Bangladesh's yarn production rose more than 26%, the number of spinning mill cumulative increased by 8. 5%. At the same time, with the continuous increase of Bangladesh's garment production and export, Bangladesh yarn imports also in further growth. According to the latest official data, in January 2018, Bangladesh's yarn imports grew by 27% year on year. Throughout 2017, Bangladesh's cotton imports, in local currency terms rose 30% year-on-year, yarn imports increased 4. 7%.