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Related Keywords: apparel industry, Bangladesh second largest importer of cotton, Bangladeshi RMG products, BGMEA, Brazilian cotton, currently do not have duty-free access to US and Brazil, two countries enjoy duty-free access for the cotton exported to Bangladesh, US cotton, US suspended GSP facilities for Bangladesh

Bangladeshi RMG products currently do not have duty-free access to US and Brazil, even though these two countries enjoy duty-free access for the cotton they export to Bangladesh for its apparel industry. Moreover, the US suspended Generalised System of Preferences (GSP) facilities for Bangladesh on June 27, 2013.

Related Keywords: Cotton trade mission, Indonesian texile delegation, US cotton

With U.S. agreeing to export 6.39 lakh bales in the marketing year 2013-14 to Indonesia, the fifth largest importer of U.S. cotton. The 16-member Indonesian textile delegation includes 12 textile executives of major Indonesian companies to tour U.S. cotton belt. This special cotton trade mission tour has been conducted by Cotton Council International and National Cotton Council’s export promotions arm.

Related Keywords: cotton exports, cotton industry, US cotton

The upland cotton—the most commonly grown variety in the U.S. net export sales totaled 223,700 bales in the week ended Jan. 9, up 46% from the prior four-week average, the U.S. Department of Agriculture said. It was the largest sales number, minus any canceled orders, since the week ended Dec. 12. Demand for U.S. cotton is picking up, adding to concerns about the availability of supplies of the fiber.

Cotton traded on the ICE Futures U.S. exchange ended at 86.80 cents a pound Friday, putting the one-week gain at 5.1%, the biggest weekly increase since June.

Related Keywords: China, top importer, Turkey, US cotton

Turkey coming out as top importer of US cotton, as Turkey’s interest in exported cotton has increased due to a revival of its textile industry, which is increasing due to sales to Europe, as well as the fact the country is expected to grow fewer bales this year due to lower plantings. Also as Chinese buyers have lowered their import of raw cotton for lower-taxed yarn.

Turkey emerges as the number one customer for raw cotton exported from the United States, overtaking China.