Related Keywords: Ashik Composite Textile Mills, Bangladeshi spinners, cotton trade, demand warehousing facility, ensure timely sourcing, reduce lead time, reexport cotton, sell cotton to local cotton importers, Spinners, to other destination, to store cotton
Bangladeshi spinners demand introduction of warehousing facility for cotton trade to reduce lead-time and ensure the timely sourcing of the fibre. Under the facility, merchants from different countries will store cotton at Chittagong port warehouses to sell out their cotton to the local cotton importers and spinners. The merchants can also re-export the cotton from the port to other destinations.
The system is already in use by the Chinese government, which is the largest importer of cotton.
