BANGLADESH - MY 2013/14 and MY 2014/15 production levels are projected at 115,000 and 120,000 bales on good weather and increased hybrid seed usage.
MY 2013/14 and MY 2014/15 raw cotton imports are projected to increase by 8.3 and 7.6 per cent to 3.9 and 4.2 million bales on strong demand by the export-oriented ready-made garment (RMG) sector.
In MY 2012/13, India and Uzbekistan had a 35 and 25 per cent export market share, while the U.S. had a 5 per cent share.
Bangladesh is almost entirely dependent on raw cotton imports for the export market.
More than 40 per cent of imported raw cotton and 80 per cent of imported yarn and fabrics are used by spinning mills and the RMG sector to meet export demand.
Bangladesh instituted biotechnology regulations that require approval from the National Committee on Biosafety (located in the Ministry of Environment and Forest) before a genetically engineered product can be legally exported to Bangladesh.
You can view the USDA GAIN: Bangladesh Cotton and Products Annual 2014 report by clicking here.
TheCropSite News Desk