Home / Knowledge / News / Textiles / Global cotton price hike hampers knitwear sector
Global cotton price hike hampers knitwear sector
Sep '10
Recent hike in international cotton prices has taken its toll on country's knitwear sector, leading to a increase in the cost of knitwear items on account of higher yarn prices, which have grown by around 10 percent per kg, in the last one month.

Domestic textile mills escalated the prices of yarns, due to increase in prices of cotton in global market and passed on the increase in costs to the downstream users.

However, the price hike in local market is higher than the global market. Yarn prices which stood at around $3.6 to $3.7 per kg, just a month ago, is now quoting at $4 per kg.

Knitwear manufacturers are facing price negotiation issues with foreign buyers, due to the hike in their costs. Experts aver that, continued growth of yarn prices will impact the knitwear sector, negatively.

Textile mill owners used higher international prices for cotton and cited short supplies and energy crises as reasons for pricing yarn extremely high. Knitwear and garment sectors consume 1.2 to 1.4 million tons of yarn per year, of which, they import 20 percent from overseas markets.

There are around 360 textile spinning mills in Bangladesh with a million employees. The garment industry, which is country's biggest export industry, garnered $12.5 billion from exports last fiscal, of which woven and knitwear sector earned $6.01 billion and $6.48 billion, respectively.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Marten Alkhagen
Swerea IVF AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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