Imports of cotton are disrupted by flooding in Bangladesh; shipments may go to India
Flooding in Bangladesh has severely disrupted cotton supplies to the country’s garment factories, one of the world’s largest clothing production hubs. This disruption, coupled with recent political turmoil, has slashed garment production by 50%, according to industry officials. The floods have hindered transportation from Chittagong port, further aggravating delays in completing orders.
With Bangladesh being a leading global cotton importer, the impact is significant. Industry leaders warn that if the supply chain issues aren't quickly resolved, the situation could worsen, potentially causing Bangladeshi manufacturers to lose 10%-15% of business to competitors.
Amid these challenges, some cotton shipments may be redirected to India, Pakistan, and Vietnam. Analysts have noted increased interest from these countries for prompt cotton deliveries. Additionally, new garment orders originally destined for Bangladesh might shift to southern India.
The Bangladesh garment industry, already grappling with power shortages, faces ongoing uncertainty as floods persist. This has led buyers to adopt a cautious approach, possibly delaying new orders and further straining the industry.
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