Vietnam may rise as major buyer of Indian cotton after Bangladesh

Soon after a series of Free Trade Agreements which constitute the Trans-Pacific, the country of Vietnam may emerge as a major export area for Indian cotton as there is a large inflow of foreign investments in the country's textile industry, which also has led to increased commodity demand.

Soon after a series of Free Trade Agreements which 
constitute the Trans-Pacific, the country of Vietnam may 
emerge as a major export area for Indian cotton as there is a 
large inflow of foreign investments in the country's 
textile industry, which also has led to increased commodity 
demand.

In 2016-17, Vietnam has imported 5 million bales of cotton 
as compared to 4.5 million bales a year before, 
according to US Department of Agriculture's report.

Mainly exporting to Bangladesh, Pakistan and China, India 
is the world's top producer of cotton.

Surpassing China, Vietnam in 2015-16 becomes the 
second-largest importing country after Bangladesh, as China has a 
huge pile up in their cotton stocks and restrictions on 
its imports.

There was seen a marginal rise in China's cotton import to

4.5 million bales in 2016-2017, as compared to 4.4 
million bales which was a year ago, the USDA report showed.

Source

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