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Outshining rivals like China and Vietnam, Bangladesh regained its lost position as the top apparel sourcing destination for the United States in 2021. OTEXA ...
- The yet to recover apparel business and fresh lockdowns in EU and US has led to a 40 per cent increase in Bangladeshâ yarn prices, says Md Fazlul Hoque, Managing Director, Plummy Fashions. As per Textile Today, prices are expected to stabilize in coming months with an increase in production. Demand is likely to rebound on recovery from the pandemic leading to a decline in cotton stocks, says an ICRA report. However, absolute cotton stocks, as well as cotton stock-to-use ratio, are expected to remain high. The rise in local yarn prices can be attributed to growing international cotton p...