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Yarn price cut - Bangladesh Textile information - Textile net - Textile integrated service provider
Over the past two weeks, although ICE period cotton prices rose sharply, but most Bangladesh yarn prices have been cut. According to statistics, over the past week, 100% pure cotton combed in Bangladesh, 100% 100% organic cotton, combed cotton coarse yarn have cut the price of 5 cents per kg, cut 1, respectively. 47%, 1. 39%, 1. 33%. Bangladesh 30 s combed pure cotton, organic cotton, combed cotton coarse yarn price 3, respectively. $35 / kg, 3. $55 / kg, 3. $70 / kg. Since nearly a month, most of the yarn in Bangladesh has fallen 2%, blended yarn, polyester/cotton yarn price fluctuation is not big, the blended yarn has fallen only 0. 58%. Bangladesh is currently the world's largest cotton importer, at the same time is also the world's fifth largest cotton consumer. 2016 - 2017 cotton imports surged 30% in Bangladesh, this shows that spinning capacity in Bangladesh is growing rapidly, 2006 - 2016 Bangladesh yarn production capacity increased more than 1 times. According to the U. S. department of agriculture ( 美国农业部) Predict that fiscal 2018 cotton consumption will continue to surge in Bangladesh. Due to the country's cotton production, cotton consumption are heavily dependent on imports, the international market had a great influence on FangQi cotton price fluctuations. In this last month in the global cotton summit held in dhaka, Bangladesh appropriately increased local cotton acreage measures are put forward.