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Yarn demand surges, gas & electricity shortage restrict output
09 Dec '09
2 min read
In the last few months, demand for yarn is picking up, on back of a recovery in order positions of the garment manufacturing companies, due to the overall improvement in the global economic order.
According to Bangladesh Textiles Mills Association (BTMA) chairman Abdul Hai Sarkar, “The slump in order flow during January to July is now a thing of the past and it has been gradually improving since then”.
He said, “The price of yarn has also increased due to hike of raw cotton prices. Three months back yarn was sold at $2.00-$2.05 per kg which is now $2.7 to $2.8, though for a brief period the price dipped to a low of $1.9 per kg."
Mr Hai noted the fact that, The spinners have the capacity to fulfill the demand of the local market as the installed capacity now stands at 1.8 billion kg per year, however, they could not operate at their full capacity due to power and gas shortage.
Currently we are manufacturing only 1.0 billion kg per annum against capacity of 1.8 billion kg and if given adequate gas and electricity, we should be able to tap the growing demand for yarn in global markets, he added by saying.
According to Bangladesh Textiles Mills Association (BTMA) chairman Abdul Hai Sarkar, “The slump in order flow during January to July is now a thing of the past and it has been gradually improving since then”.
He said, “The price of yarn has also increased due to hike of raw cotton prices. Three months back yarn was sold at $2.00-$2.05 per kg which is now $2.7 to $2.8, though for a brief period the price dipped to a low of $1.9 per kg."
Mr Hai noted the fact that, The spinners have the capacity to fulfill the demand of the local market as the installed capacity now stands at 1.8 billion kg per year, however, they could not operate at their full capacity due to power and gas shortage.
Currently we are manufacturing only 1.0 billion kg per annum against capacity of 1.8 billion kg and if given adequate gas and electricity, we should be able to tap the growing demand for yarn in global markets, he added by saying.
Fibre2fashion News Desk - India
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