Home / Knowledge / News / Textiles / Govt takes measures to check yarn prices
Govt takes measures to check yarn prices
29
Oct '10
The Government of Bangladesh is taking all the necessary steps to restraint the yarn prices in the domestic market. This was assured by the Commerce Minister M Faruk Khan.

The Minister said that he anticipates a solution for this problem by the coming week.

The Minister is expected to meet the leaders of various associations like BKMEA, BTMA and BGMEA before arriving at a final decision on the yarn price.

The Minister recommended the BKMEA leaders to prepare a report on cotton price trends in the global market for the past three months.

The BKMEA leaders had earlier said that several knit units had been closed down in the country after the rise in cotton prices, as it is the most important raw material required for producing knit products. This led to the dismissal of many workers.

BKMEA leaders revealed that the yarn prices, at present, stood at US $5.10 per kg as compared to $4.50, a few days ago.

The Minister also gave an assurance of controlling the yarn prices after having a discussion with the textile and spin millers of the country.

A team of 34 BKMEA members also requested the government to ensure adequate power and gas supply to knit units.

Fibre2fashion News Desk-India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

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

Suresh Patel
Sidwin Fabric

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

Judy Frater
Somaiya Kala Vidya

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search