Consequent to export of readymade garments – which witnessed a steep decline in the recent past, thanks to COVID-19 – making a come back of sorts, sale of yarn and fabrics from export-oriented spinning and weaving mills is on the rise, claimed media reports.
However, price of yarns and fabrics is still below the expectations as per the mill owners.
Demand has been increasing from the buyers for yarn and fabrics prices are still not at satisfactory level, reportedly underlined the President of the Bangladesh Textile Mills Association (BTMA), Mohammad Ali Khokon, speaking to the media, adding that many mills are running at 65 to 70 per cent capacity while others are running more than 50 per cent their capacities on the back of rising demands for yarns and fabrics.
Sale this month could be low but hopefully should grow from next month onwards, maintained the BTMA President adding he is receiving a lot of response from his buyers lately.
It may be mentioned here that following the outbreak of the coronavirus pandemic, Bangladesh’s primary textile sector reportedly suffered losses to the tune of more than Taka 20,000 crore.
