Bangladesh Textile Mills Association (BTMA) has requested its members to not change the price of yarn till November 30 and directed to follow existing price index (PI) conditions.
The price for 30s carded yarn has been fixed at $4.20 per kg and the price for 30s combed yarn has been set at $4.50 per kg. Industry insiders stated that local meets about 70 to 80 per cent of the local demand.
From India, Pakistan, Indonesia, and Turkey, Bangladesh imports about 20 to 30 per cent of yarn in specialized varieties. Apparel exporters and terry towel exporters has alleged that spinning millers are unfairly fixing the price of yarn.