Related Keywords: Bangladesh imports, Bangladesh Knitwear Manufacturers and Exporters Association, Bangladeshi yarn makers, blow to apparel exports, forty six percent of natural fibre, from India spending about $3 billion a year, Indian traders, local consumption, negatively affected, rally in domestic prices, rising rupee, sudden cancellation of cotton shipment
Bangladesh imports 46 percent of natural fibre from India spending about $3 billion a year for local consumption. With the sudden cancellation of shipment of 400,000 bales of cotton by Indian traders, after a rally in domestic prices and the rising rupee, the Bangladeshi yarn makers will be negatively affected which could deal a blow to apparel exports, said the industry insiders.
Abdul Hai Sarker, chairman of Purbani Group, said that their company imports 30,000 bales of cotton a year, 15 percent of which is from India.
