BANGLADESH YARN PRICE RISE HITS KNITWEAR EXPORTERS
December 1st, 2009
BY RAGHAVENDRA VERMA
THE PRICE of yarn in Bangladesh has risen 20%-30% within the last month, affecting knitwear exporters. Fazlul Hoque, president of the Bangladesh Knitwear Manufacturers and Exporters Association, said this would harm the sector and hit 150 to 200 factories. "Many companies will lose a big chunk of their orders as they cannot compete in prices demanded by western buyers", he said.
ENDS
THE PRICE of yarn in Bangladesh has risen 20%-30% within the last month, affecting knitwear exporters. Fazlul Hoque, president of the Bangladesh Knitwear Manufacturers and Exporters Association, said this would harm the sector and hit 150 to 200 factories. "Many companies will lose a big chunk of their orders as they cannot compete in prices demanded by western buyers", he said.
ENDS
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