Bangladesh: Cotton and Products Annual
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The COVID-19 pandemic has negatively impacted Bangladesh’s marketing year (MY) 2019/2020 cotton imports and consumption. As a result of COVID-19 mitigation efforts, Bangladesh’s readymade-garment (RMG) facilities halted production for nearly a month during the Government-ordered lockdown. Additionally, some global retail brands have cancelled or delayed contracts for garments as a result of a decline in global garment demand. In MY 2020/21, Bangladesh’s raw cotton production is forecast to slightly increase over MY 2019/2020 to 146,000 bales and imports are forecast to rebound to 7 million bales.
