Bangladesh: Cotton and Products Update

For marketing year (MY) 2022/23, Post forecasts cotton harvested area and production at 45 thousand hectares and 153 thousand bales, respectively. Post reduced Bangladesh’s cotton import forecast for MY 2022/23 to 8 million bales on high international raw cotton prices, reduced garment production due to a domestic power shortage, and the slowdown of the world economy. As of October in calendar year (CY) 2022, Bangladesh’s yarn exports were valued at $28 million and its yarn imports at $1.6 billion. In the first nine months of CY 2022, Bangladesh also imported fabric valued at $1.7 billion and exported $20 million over the same period.