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Primary textile millers want adequate gas supply in their factories as nearly 40 percent of their production capacity is currently unutilised due to low pressure of gas, the price of which increased by nearly 100 percent in February this year.
Many garment makers in Bangladesh are not honouring their primary contracts for buying yarn from local spinners as work orders from abroad have decreased amid volatility in the global economy.
Yarn prices have been increasing in the domestic market over the last two weeks as demand from garment exporters is rising amid a hike in work orders from international clothing retailers and brands thanks to easing inflation in the West.
Bangladesh Bank officials could not arrive at a decision over the opening and settling of back-to-back letters of credit in taka at local stages at the December 28 meeting...
The central bank held a meeting with the Bangladesh Knitwear Manufacturers and Exporters Association and the Bangladesh Textile Mills Association over the matter Wednesday. The two trade bodies, however, were at loggerheads