COTTON USA Hosts Trade Mission from Bangladesh
Textile executives from 12 Bangladeshi companies will travel across the U.S. Cotton Belt to get a closer look at COTTON USA and learn more about why U.S. cotton is the world’s preferred fiber.
During the tour – set for April 30-May 6 – the group will participate in multiple meetings with U.S. cotton exporters to help facilitate the export of U.S. cotton to these manufacturers.
Cotton Council International (CCI), the National Cotton Council’s export promotions arm, is conducting this special trade mission.
Bangladesh stands as U.S. cotton’s ninth largest market, with U.S. export commitments there at more than 500,000 bales to date in the 2016-17 marketing year ending July 31. The individual companies participating in this trade mission are expected to consume about 705,000 bales in 2016-17 – about 11% percent of Bangladesh’s total cotton consumption.
CCI President Eduardo L. (Eddy) Esteve, a Dallas, TX merchant, said, “Bangladesh imports more cotton than any other country, and only three other countries’ textile mills use more cotton. We want to reinforce the fact to these trade mission participants that U.S. cotton is of superior quality and is the world’s preferred fiber. We also want to remind these important U.S. cotton customers that we are committed to delivering our fiber to them in a very timely manner.”
The Bangladeshi delegation will begin its tour in New York with a CCI briefing and an ICE Futures seminar. During their tour, they will also see cotton research in North Carolina, tour the USDA cotton classing office in Bartlett, TN, and visit a cotton farm and gin in West Texas.
The group also will meet with exporters in the Cotton Belt’s four major regions and with these key industry organizations – AMCOT, American Cotton Producers, American Cotton Shippers Association, Cotton Incorporated, Lubbock Cotton Exchange, National Cotton Council, Plains Cotton Growers, Southern Cotton Growers Association, Texas Cotton Association, Western Cotton Shippers Association and Supima.
Source – Cotton Council International