Despite facing a number of economic challenges, Bangladesh may end up importing more cotton year-on-year in marketing year (MY) 2024-25 to meet increasing global demand for garments.

Wheat consumption for food, seed and industrial use is likely to increase from higher imports and a rebound in demand for flour for a fall in its prices, forecasts the US Department of Agriculture (USDA). 

Bangladesh’s cotton import may drop to 8 million bales in marketing year 2022-23 which began in August, said the US Department of Agriculture (USDA) at the end of last week.