Home / Knowledge / News / Textiles / Bangladesh eyes Sub-Saharan African cotton
Bangladesh eyes Sub-Saharan African cotton
13
Sep '10
As India has imposed a ban on exporting cotton, hence Bangladesh is now eyeing African countries for purchasing cotton.

Commerce Minister Faruk Khan while speaking at an event on Bangladesh cotton marketing and textile training said that, they would be exploiting the opportunities of importing inexpensive but superior quality cotton from Africa.

Globally mounting demand coupled with India, the second largest global producer of cotton, imposing a ban on export of the commodity, the prices of cotton spun yarn had almost doubled to 90 cents a pound in April.

A major portion of the cotton processed in the country comes from imports and while India prior to the export ban contributed around 15 percent of the same, the spinners in the country are now hassled.

According to the BTMA President Abdul Hai Sarker, they can now consider the Sub-Saharan countries to replace India as the country's main cotton supplier. While Bangladesh uses about four million cotton bales each year, the Sub-Saharan countries are capable of providing quite a good percentage of that consumption.

However, time taken to convey the raw material is an issue here, as presently even it is taking months to convey the material to Bangladesh from these countries.

Considering the situation, the spinners/importers in Bangladesh have urged the Sub-Saharan nations to build up a buffer stock at the country's port, which would facilitate availability of the raw material within two to three days.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search