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Govt to import cotton yarn from African countries
May '10
The Bangladesh government is contemplating importing cotton yarn directly from a few African countries, in a bid to contain the recent flare-up in cotton yarn prices.

This was announced by Commerce Minister Lt Col (retd) Faruk Khan, at the inauguration of a textile training programme at a hotel in Dhaka.

He also suggested setting up of a warehouse to stock raw cotton and cotton yarn to help weavers and clothing producer's access them at affordable prices.

He also blamed the unprecedented increase in raw cotton prices, which have shot up by 30-40 percent, in the last few months for the rise in cotton yarn prices.

Fibre2fashion News Desk - India

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