Bangladesh: Cotton and Products Annual

Despite the economic slowdown caused by the COVID-19 pandemic, Post Dhaka has increased its cotton import forecast for marketing year (MY) 2021/22 to 7.6 million bales as a result of higher demand for locally spun yarn. The domestic consumption of cotton in MY 2021/22 is forecasted at 7.9 million bales, which is approximately the same consumption levels as MY 2020/21, due to sustained demand for yarn, fabric, apparel, and garments as the world economies slowly recover from the pandemic. In MY 2021/22, Bangladesh’s raw cotton production is forecast to slightly increase over MY 2020/21 to 149,000 bales.