Related Keywords: abolish additional regulatory duty, arrival of new crop, cartelization of local manufacturers, cotton yarn, Cotton yarn prices increased, import of yarn, impose a ban on the export of raw cotton, PRGMEA, short period, taking advantage of additional regulatory dutry, to rationalize the rates of yarn, whole value-added apparel sector hit hard
The prices of cotton yarn 10 count single yarn have increased by around 25 percent to reach Rs11500 per bag of 100 pounds from Rs9950 during the last one-and-a-half months and same is the case with other varieties of yarn, including 16 count 30 yarn and 16 count 20 yarn due to cartelization of local manufacturers who are taking advantage of 10 percent additional regulatory duty on the import of yarn.
