• Saturday, February 28, 2015

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Bangladesh Textile Mills Association

Cotton use to grow 4pc on higher demand

Cotton use to grow 4pc on higher demand

Bangladesh's cotton consumption will rise 4.08 percent in fiscal 2015-16, riding on higher demand from local spinners and foreign investors in the textile sub-sector, the London-based Economist Intelligence Unit (EIU) forecasts. Consumption will increase to 1.02 million tonnes despite poor safety standards, mainly due to a shift in investment in the textile sector from India and China, the EIU said. This is the first time that cotton consumption will cross the one million tonne mark. The EIU is the research and analysis division of the Economist Group that owns the...

Textile industry on a rocky road

Textile industry on a rocky road

Bangladesh textile industry is in deep trouble as the global cotton price has dipped sharply, leaving it stacked with the raw material bought at a much higher price. The worst is the industry could have easily avoided this loss but for the archaic central bank regulations that bar them from participating in modern financial...

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