Bangladesh’s garment export competitiveness is expected to improve and export orders are expected to increase as cotton prices drop in the international market and yarn prices drop in the local market, Bangladesh’s Daily Star reported on July 3.
On June 28, cotton traded between 92 cents and $1.09 a pound on the futures market. Last month it was $1.31 to $1.32.
On July 2, the price of commonly used yarns was $4.45 to $4.60 a kilogram. In February-March, they were $5.25 to $5.30.
When cotton and yarn prices are high, garment manufacturers’ costs rise and international retailers’ orders slow. It is predicted that the cotton price drop in the international market may not last. When cotton prices were high, local textile companies bought enough cotton to last until October, so the effect of falling cotton prices will not be felt until the end of this year.
Post time: Jul-26-2022