Related Keywords: Bangladesh yarn maker, benefit from declining cotton prices worldwide, BTMA, exported millions worth of garments, global market, good supply of cotton at favourable prices, leading garment exporters, mainly knitwear items, Mondol Group, received ample work orders from international retailers, yarn market stable in last one year
The declining cotton prices worldwide have kept Bangladesh yarn market stable in the last one year. About a year ago, cotton was traded at nearly $1 a pound in the global market when yarn was sold for $3.3 to $3.4 a kg in Bangladesh.
Momin Mondol, managing director of Mondol Group, one of the leading garment exporters of Bangladesh said that the domestic yarn market is stable now as the cotton prices declined worldwide.
