Bangladesh'S Ready-Made Clothes Are Facing A Rise In Cotton Prices.

2010/9/9 19:19:00 69

Bangladesh's spinning factory says garments and garments.

Manufacturer

They had to adjust their export prices, and cotton prices on the global market suddenly increased.

One expert said that cotton prices had been the highest in 15 years because of the sharp rise in market demand.

This is ignited by hypothetical cotton availability. Low availability of cotton is due to recent flooding in Pakistan.

If the current trend continues, the expert said, cotton price may reach 1.50 US dollars / pound, at present it is 95-99 cents / pound.

Most importing countries began to store cotton because they speculated that soaring demand and loss of cotton crops might further raise prices.

The expert added that clothing exporters are fighting new adjustments because of the past.

Clothing quotation

It is based on the cotton and fabric prices at that time, but now the country has to import cotton and fabrics at a higher price.

The European Union and the United States

Consumer

Not spending more on clothing is the result of the recession.

He said that the price of yarn in Bangladesh will rise again and the price of cotton in the global market will continue to rise.

Bangladesh imports about 5 million bales of cotton a year.

Another expert said that 10% of Bangladesh's cotton was imported from Pakistan. The floods in Pakistan hurt cotton crops and will also affect Bangladesh's cotton imports.