Thanks to the longer than usual dry summers in Europe along with rising inflation, denim makers in Bangladesh are feeling the pinch after export of denim fabrics and garment items declined by nearly 40 per cent lately.
Reports claimed this citing the industry players.
Speaking to the media, BGMEA President Faruque Hassan, reportedly, maintained global demand for denim items is falling because of the long dry spell and escalated inflation even as he, reportedly, added ‘buyers are not cancelling orders, but they are putting them on hold’ even as Sharif Zahir, the Managing Director of Ananta Group, reportedly, claimed the denim supplier’s monthly output has declined nearly 20 per cent, which makes 2.8 million pieces of denim products a month.
“European buyers have cut a lot of orders for denim items because of long dry spells,” meanwhile, reportedly, claimed a design manager of a UK-based multinational garment factory in Bangladesh, adding usually the temperature starts falling from June in Europe, but this year, it is still above 30 degree Celsius in some parts of the continent.
Old inventory and runaway inflation have also been equally blamed by suppliers in Bangladesh for the lower sales of denim items.
