Bangladesh: Cotton and Products Update
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Marketing year (MY) 2019/2020 cotton production is forecasted to increase to 142,000 bales (30,916 tons), a 3 percent increase over MY 2018/2019. The annual production increase is the result of favorable weather, a greater use of high-yield cotton varieties (e.g., American Upland), and greater demand for cotton as a result of new government policies focused on increasing export of Bangladesh’s ready-made garments (RMG). MY 2019/2020 imports are forecasted to be 7.0 million bales (1.5 million tons), a 2 percent increase over Post's MY 2018/2019 import figure. The continued sluggish imports is the result of a drastic slowdown in the RMG industry in the first half of MY 2019/2020.
