Expressing grave concern over the recent price hike of yarn, the leaders of the BGMEA and BKMEA on Wednesday (22/09/2010) urged the leaders of Bangladesh Textile Mills Association (BTMA) and the spinning mill owners to rein in the price hike, news by UNB.At a joint emergency meeting of BGMEA and BKMEA at the BKMEA office, the woven and knit garment owners also stressed the need for a coordinated initiative for fixing the yarn price at a rational and tolerant level through a tripartite meeting among BGMEA, BKMEA and BTMA.
BKMEA president AKM Selim Osman and BGMEA president Abdus Salam Murshedy, among others, attended the meeting.
The leaders of BGMEA and BKMEA apprehended that the abnormal price-hike of yarn might again make the RMG sector volatile again before the Eid-ul-Azha as then the government-announced new wage structure is scheduled to be implemented.
They said that the knitwear exporters had struck deals with the international buyers in July and August considering maximum yarn price of US$ 3.50 for 30’s, but the price now stood at $ 4.40 even more.
They also mentioned that despite power outage and crisis of gas, the factory owners were able to disburse the salaries of the workers across the country before the holy Eid-ul-Fitr with the help from the government.
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