Textile & Garments

Spinners have kept yarn prices unchanged since August 10 and there is no scope for a reduction as cotton prices are high in the global market, said Mohammad Ali Khokon, president of Bangladesh Textile Mills Association (BTMA), yesterday.

Garment exporters are feeling the pinch of exorbitant transport fares as the rebound in the shipment of goods thanks to the reopening global economy has raised the demand for trucks and covered vans.

Vaccinating workers is a top priority for the Prime Minister Sheikh Hasina-led government, which expects to start providing garment workers their jabs within one and a half months, Commerce Minister Tipu Munshi said on Wednesday.

Local garment manufacturers have demanded that the government ease conditions for importing yarn, cotton and fabrics as work orders were pouring in from international clothing retailers and brands.

Local yarn manufacturers have decided to check unusual price hike of yarn in the domestic market, making commitment not to increase yarn prices quoted in the latest proforma invoices (PI).

The dispute between garment and spinners over the prices of yarn could be resolved amicably after both sides softened their stances, in relief for Bangladesh’s apparel industry rebounding from the pandemic-induced shipment collapse.

Apparel exporters have expressed their concerns over the rise in yarn prices in the local market.

Jute growers in Faridpur are overjoyed by the good prices for raw jute currently being offered in the local markets.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday urged global apparel buyers to nominate more shipping lines and private off-docks to help ensure timely shipment of export containers.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today said that no action would be taken against those RMG workers, who are stuck in their respective places during the countrywide lockdown, for not joining their respective factories.