Cotton Prices Surged To Bangladesh'S Clothing Industry

< p > Bangladesh insiders say that the domestic a href= "http://www.91se91.com/news/" > cotton price < /a > suddenly rises, making the garment garment industry further suffer heavy losses.

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< p > they add that the price of domestic cotton has risen by about 15% in the past 15 days after the rise in raw cotton prices in the international market.

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< p > according to them, the situation is gradually deteriorating due to the tendency of hoarding cotton in consumer countries, including India, Pakistan and China.

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< p > clothing industry leaders said that if prices rise spirally, many garment factories, especially small and medium-sized enterprises, will not be able to execute export orders, so the garment and garment industry may not be able to achieve its export goals for the 2012-13 fiscal year.

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< p > "we have negotiated with buyers. 15 days ago, the price of 30 combed yarn was 3.8 dollars / pound. Now the price has risen to 4.18 dollars / pounds. Apart from other difficulties, such as the image crisis caused by the compliance problem, labor unrest and domestic political turmoil, our business has increased difficulties", Naimul, managing director of abtin Knitting Fashion Co. Ltd.

Huq said.

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< p > "at present, the export profit of factory owners is less than 5%.

Therefore, if we are to export in a loss, our factory will go bankrupt, and if it does not export, then the buyer will interrupt our relationship, "he added.

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Mohamed, Hatem, vice president of the manufacturing and Exporters Association (BKMEA), "Bangladesh" a href= "http://www.91se91.com" > knitwear < /a >, expressed his anger. He said that the domestic spinning factory always kept raw materials inventory for at least 4-5 months, so they should not sell the finished cotton at high price after the rise of raw cotton prices in the international market.

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< p > "raw cotton prices have not affected the spinning mills, but they have raised the price of cotton. It is totally immoral for them to do so. It is necessary to put the garment and garment industry in a dead end," he added.

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(P) the soaring price of cotton in the international market has prompted domestic spinning enterprises to increase their selling prices to the clothing industry.

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< p > Bangladesh imports about 4 million bales of raw cotton per year.

About 35% of them came from India, and the rest came from Pakistan, Uzbekistan and Australia.

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< p > a href= "http://www.91se91.com/news/index_c.asp" > knitting industry < /a > consumes about 70% of imported cotton, and the rest of the cotton is consumed by the weaving industry.

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< p > Pakistan sets the goal of exporting knitted garments this year, about 10 billion 620 million US dollars, and the export of woven garments is US $10 billion 930 million.

During the -2 months of July this fiscal year, the key industries of the two garment and garment industries exported approximately US $6 billion 720 million and US $6 billion 920 million respectively.

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