Home / Knowledge / News / Textiles / Yarn price hike: Concern for RMG sector
Yarn price hike: Concern for RMG sector
30
Jan '10
Prices of yarn, which increased by over 20 percent in the last 45 days have taken its toll on the apparel exporters.

The extensively used 30-count yarn is currently priced at $3.20-2.95 per kg which was sold at around $2.90-2.80 a kg earlier, said textile millers' data.

Industry entrepreneurs attributed this price hike to the colossal demand for yarn in domestic market and growing prices of raw cotton in the international market.

According to yarn manufacturers, mounting production costs led to increase in yarn prices as the yarn output slipped below capacity owing to uneven gas supply.

Apparel manufacturers and exporters cite this surge in yarn prices as a blow to their business when apparel goods are witnessing huge demand from foreign purchasers.

Also, raw cotton is witnessing hike in its prices, as it is sold at 78-85 cents per pound in the international market, informed Mr. Abdul Hai Sarker, President of Bangladesh Textile Mills Association.

He hopes that the gas supply will be smoother on the introduction of rationing system.

Moreover, for knitwear manufacturers also, yarn price hike was a matter of concern which put them under pressure at the time when global RMG demand is increasing, said Mr. Fazlul Hoque, President of Bangladesh Knitwear Manufacturers and Exporters Association.

Fibre2fashion News Desk - India


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Urmil Arya

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

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...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search