Home / Knowledge / News / Textiles / Soaring yarn prices create hurdle for RMG exports
Soaring yarn prices create hurdle for RMG exports
17
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

Amazon debuts on Fortune 500 top 10 list

Apparel/Garments | On 28th May 2018

Amazon debuts on Fortune 500 top 10 list

American e-marketplace Amazon has cracked Fortune 500’s top 10 list...

Courtesy: Ralph Lauren

Fashion | On 28th May 2018

Ralph Lauren posts Q4FY18 revenue at $1.5 billion

Ralph Lauren, a global leader in the design, marketing, and...

Fashion industry employs 300 mn workers globally: Report

Apparel/Garments | On 28th May 2018

Fashion industry employs 300 mn workers globally: Report

The fashion industry employs over 300 million people across the value ...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Urmil Arya

Sushila International, a well established textile organisation established ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Eamonn Tighe
Nature Works LLC

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search