For the last couple of months, textile millers and apparel exporters had been locked in a battle over rising yarn prices, with millers claiming that high prices were tethered to a surge in demand. Also Read - End of yarn price chaos signals cooperation among apparel, textile sectorsIn December last year, 30-count yarn sold for $3 per kg. After several meetings, the textile millers and apparel manufacturers agreed to fix the yarn prices. Several apparel manufacturers are importing yarn from the international market mainly to overcome the stresses caused by the yarn price hike, he added. We should take action now to prepare for the impact the rise in cotton prices could have on the country's yarn market,” he also said.

Source: Dhaka Tribune September 30, 2021 14:26 UTC