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Cotton Consumption

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...

Cotton use to rise fast, led by textile growth

Cotton use to rise fast, led by textile growth

Bangladesh's annual cotton consumption will accelerate 50 percent to six million bales in four years as garment exports are on the rise, the International Cotton Association (ICA) said yesterday. Bangladeshi spinners now consume more than four million bales of imported cotton a year, with the growth in consumption rate being between 10 percent and...

Cotton use may rise 8pc next fiscal year

Cotton consumption in Bangladesh may rise 8.75 percent to 870,000 tonnes in fiscal 2014-15 with higher demand for garments, according to a report by Economist Intelligence Unit (EIU). At the end of the current fiscal year, cotton consumption will reach 800,000 tonnes, the same quantity that Bangladesh consumed in fiscal 2012-13, the report added. Cotton consumption started picking up after fiscal 2011-12 when consumption had declined to 700,000 tonnes for volatility in the global cotton market. In fiscal 2010-11, Bangladesh consumed...

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