After order cuts and lower prices from buyers, they have a fresh problem at hand: the rising process of raw materials. Seeing that the demand is comparatively low, one would think that the prices of raw materials would stay low. China is the global manufacturing hub for raw materials but the production capacity there is lower than the pre-Covid level. “In this context, the prices of raw materials going up has left us with one too many survival challenges,” he added. The price of raw materials increased 10 to 20 per cent in the last few months, according to BGAPMEA’s estimates.

Source: Dhaka Tribune December 05, 2020 18:56 UTC