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Angry over the reduced output, decline in prices and high production costs, over 10,000 farmers will take out a protest rally here on Thursday with plans to burn 1000-quintal of unsold raw cotton that they are saddled with.
Bangladesh's cotton consumption may remain unchanged in the year from August 2022 to July 2023 owing to lower-than-expected imports, said the US Department of Agriculture (USDA) recently.
The five companies are namely Alkan Holding, El Ekhlas Company for Trading Cotton, Abo Madawy Co. for Cotton Trading, El Motaheda for Ginning and Cotton Export, and Modern Nile Cotton.