Home / Knowledge / News / Textiles / Soaring yarn prices create hurdle for RMG exports
Soaring yarn prices create hurdle for RMG exports
Mar '08
A ceaseless hike in yarn prices is posing a grave danger for the apparel export growth of Bangladesh.

Putting up a tough competition against China, Pakistan and India, Bangladesh stands first in terms of growth in garment export.

However, officials from Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) believe that if yarn prices in the domestic market continue to grow, the country might loose its international competitiveness.

Producers on the other hand, lament helplessly since rise in yarn prices have increased the cost of cotton which is the essential raw material in the production of apparels.

They point out that cotton prices have risen to US $87 cents per pound from $78 cents in December and $60 cents a pound in September last year.

The 30 count variety of yarn is currently selling at a price ranging from $2.90-3.0 per kg compared with its rates at $2.75-$2.80 per kg last December.

Moreover the 20 and 40 count variety of yarn have also showed a similar trend increasing to $2.35-2.40 and $3.85-$3.90 per kg compared to its previous rates.

Although local producers can meet 80 percent of the demand, when it comes to woven yarn, they can only supply about 35 percent of the total consumption demand.

Presently in India, the 30 count variety of yarn is selling at $2.10 per pound. Experts opine that the country has the advantage of having a huge potential to produce substantial cotton and also that it has its own technology and machinery.

Industrial sources confirm that the core reason behind soaring yarn prices is the monopolization of the market by a few unscrupulous traders.

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search