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Related Keywords: Bangladesh's textile imports, cotton exporters, cotton exporting countries, cotton importing countries, cotton imports in Bangladesh, global imports, Indian cotton, textile makers, US Department of Agriculture, world's largest importer of cotton

In 2015-16, Bangladesh imported 6.2 million cotton bales during the year thereby reinforcing its position as the world's largest importer of cotton. According to US department of agriculture (USDA), Bangladesh's imports are expected to increase to 6.3 million bales in 2016-17. This raises Bangladesh's share of global imports to over 18 per cent, which is more than double its share seen 5 years before.

Related Keywords: better quality crop, bottomed out, China, Cotton Association of India, cotton exporters, cotton exports, cotton price, cotton yarn, decline, DGFT, import restriction, Indian cotton inrdustry, raw cotton, weakening rupee, Zhejiang Textiles

India is expected to become the world’s largest cotton exporter this year, but cotton exports are expected to see a decline to around 5 million (480 lb) bales in 2014-15, almost 47% from the previous year as it has been hit by import restrictions in China, the world’s largest importer. This has also led to a decline in prices in India as well.

Cotton prices may have bottomed out but a weakening rupee and arrival of better quality crop likely to improve prospects.