• Wednesday, October 01, 2014

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Cotton Consumption

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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