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Dhaka Tribune

US cotton traders expect market share to grow in Bangladesh

Import of cotton from the US to Bangladesh likely to reach 14% this year

Update : 29 Mar 2022, 06:55 PM

US-based cotton fibre promoters and manufacturers are hopeful that the market for American cotton will grow further in Bangladesh, which is the world’s second-highest cotton importer and second-largest apparel exporter. 

Moreover, they also believe that the US has been slowly turning into a good source of cotton for Bangladeshi millers.

They made the observation at a recent technical seminar on “US Cotton and the Golden Triangle of Spinning Profitability,” organized by Cotton USA at a hotel in Dhaka. 

In the recent seminar in Bangladesh, Peter D Haas, the ambassador of US to Bangladesh, was present as the chief guest and hoped for a longstanding friendship between both nations.

“We have a very good relationship with Bangladesh and will work on converting it into a great relationship,” he added.

He also said that Bangladesh has already passed its glorious 50 years of journey and is a proven partner for many businesses, especially in the field of textile and apparel.

“US buyers always focus on sustainability and will source more in the future. As US cotton is fully sustainable, I hope the demand for US cotton will increase more in the Bangladesh market,” he added. 

He also responded positively to the requests from textile millers regarding the introduction of direct vessels between the US and Bangladesh.

Mohammad Ali Khokon, president of the Bangladesh Textile Mills Association (BTMA), said that Bangladesh imported 8.5 million bales of cotton from the international market in the last fiscal year, of which 11% was from the US. 

“Around 2.5 million spindles will be added in the primary textile sector in the next few years, which means the import of cotton from international markets, including American cotton, will go up significantly,” he added.

He also said that the import of cotton from the US is likely to reach 14% of total cotton imports for Bangladesh by this year. 

And if direct vessel service is introduced, imports will rise further, Khokon also said.

He also highlighted the time-consuming process of compulsory fumigation at Chittagong port in the import of cotton from the US.

“The positive initiatives for the withdrawal of compulsory fumigation on US cotton will also increase the use of American cotton in Bangladesh,” he added.

Joerg Bauersachs, technical service head of Cotton Council International (CCI), presented the keynote at the event, titled “Golden Triangle of Spinning Profitability”. 

In his presentation, he said that the liaison among mill owners, mill managers and the sales/supply chain is very crucial. 

“They are the main three key players for every technical, commercial and operational activity for achieving profitability in the spinning industry,” he added.

In his presentation, William R Bettendorf, regional director of Supply Chain Marketing for South and Southeast Asia at CCI, shared the current activities and initiatives of CCI for the industry.

Bettendorf also shared his experience on focusing on sustainability with the textile millers of the country.

Steve Dyer, global head of Cotton Marketing at Louis Dreyfus, gave a technical presentation on “Global Cotton Production, Supply and its Demand”.

His presentation focused on the global scenario of cotton production, supply and possible demand in the upcoming fiscal years.

Darren Long from ECOM USA, Inc gave a presentation titled “US Cotton Demand and Supply” at the seminar, while Neeraj Bhardwaj, technical consultant of CCI, gave one titled “Mill Mastery Course developed by Cotton USA”.

Fayyaz Khundker, managing director of Ocean Network Express Line, gave a presentation on the “Global Transportation Situation,” discussing the container shortage crisis and its possible solution. Sharif Zahir, managing director of Ananta Group, shared a presentation on “RMG Prospective, Sustainability and Innovation of the Sector”. 

Around 200 prominent industry experts from the spinning industry and various brands also joined the event.

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