International cotton prices skyrocketing The textile industry in Bangladesh faces tough difficulties

Last week, the Bangladesh Knitwear and Garment Manufacturers and Exporters Association (BKMEA) and the Bangladesh Textile Industry Association (BTMA) held talks with Secretary of Commerce Farouk, urging the government to give policy support, such as the opening of the Bangalore land port, since The imported yarn can save 10 cents per kilogram. This year, the price per kilogram of yarn rose from US$2.5 to US$3.75, and the price of Cotton rose from US$60 per pound to US$1.2. The textile industry in Bangladesh faced difficult difficulties.

Bangladesh imported cotton from India, Pakistan, Uzbekistan, China, the Sudan, the United States, and some West African countries, supplying 360 factories. Last year, the industry earned US$12.5 billion.