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Bangladesh: Rising global cotton prices, lockdown in EU, US push up yarn cost


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The yet to recover apparel business and fresh lockdowns in EU and US has led to a 40 per cent increase in Bangladesh’ yarn prices, says Md Fazlul Hoque, Managing Director, Plummy Fashions. As per Textile Today, prices are expected to stabilize in coming months with an increase in production. Demand is likely to rebound on recovery from the pandemic leading to a decline in cotton stocks, says an ICRA report. However, absolute cotton stocks, as well as cotton stock-to-use ratio, are expected to remain high.
The rise in local yarn prices can be attributed to growing international cotton prices that also affected Bangladesh’s garment shipments, especially of knitwear, during the ongoing pandemic, says Monsoor Ahmed, Secretary, Bangladesh Textile Mills Association (BTMA). ....

Monsoor Ahmed , Fazlul Hoque , Ashwin Chandra , Bangladesh Textile Mills Association , United States Department Of Agriculture , Managing Director , Textile Today , United States Department , பாஜ்லுள் ஹோக் , அஷ்வின் சந்திரா , பங்களாதேஷ் ஜவுளி ஆலைகள் சங்கம் , நிர்வகித்தல் இயக்குனர் , ஜவுளி இன்று , ஒன்றுபட்டது மாநிலங்களில் துறை ,