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

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Rikesh Mistry

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

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search