When it comes to the prices of Bangladeshi RMG products, the gap between manufacturing and retail end prices is astounding. The retail price tags of a couple of foreign brands collected by the Dhaka Tribune show the hefty profit margin on RMG products. “Forward marketing means that instead of buyers approaching manufacturers with their orders, manufacturers directly approach buyers with an offer to produce RMG products,” Hossain explains. “Bangladesh does not have a deep seaport, which increases the lead time and creates an unhealthy competition among the manufactures as well as buyers,” he tells the Dhaka Tribune. Zillul Hye Razi, a former EU trade adviser in Bangladesh, says prices in the supply chain have always remained a grey area.

Source: Dhaka Tribune May 03, 2017 15:56 UTC