Bangladesh Textile Mills Association (BTMA) Additional Director

The cotton price in the international market has skyrocketed due to adverse weather. The price of the product has increased by at least 30 percent so far this year. Earlier in the year, cotton price reached their highest level since 2011 which is shrinking the apparel supply margins across the globe.

Bangladesh Textile Mills Association (BTMA) Additional Director and Chief Executive Officer (in-charge) Mansoor Ahmed told the media that if cotton production decreases due to drought in the United States and Brazil, it will have a severe impact on Bangladesh.