Bangladesh cotton yarn market prices for different counts

Bangladesh Yarn Prices: Domestic Markets Monthly Report

Cotton yarn prices have continued surging in the last days in Bangladesh, reflecting the strong increases of cotton fiber prices in New York in the past weeks. Our new monthly report covers Bangladeshi yarn prices, including cotton carded, cotton organic, melange, carded slub, cotton-polyester 60/40, cotton-polyester 40/60 and open end. Data on the annual cotton consumption and imports of Bangladesh provide further insight. Yarn prices in Bangladesh are also available in our price database on a weekly basis.

Cotton yarn prices have continually risen on the international market in the past weeks, having experienced a 4-week change of more than 8 percent.

In Bangladesh, 30s carded cotton is now sold at $3.44 per kilo, representing a 2.38% increase within one week and an 8.86% surge over the past five weeks.

Prices for almost all yarn products have risen in Bangladesh by 7 to 12 cents in a single week and by over 20 cents on average over five weeks.

The exception is the price for melange, which has barely changed at all over the same period.

This trend is in line with the international yarn prices and explained largely by the surge in international cotton prices.

Furthermore, this month Indian cotton traders have cancelled their shipments to Bangladesh due to domestic factors.

Pest contaminations in India have resulted in contracting cotton supply and therefore, in a surge in cotton prices.

Cotton prices in India have risen by 15% within six weeks.

This development, along with a stronger rupee, has led Indian cotton traders to focus on the local market, instead of exporting to Bangladesh, which imports more than 50% of its natural fibers from India

In response, Bangladeshi cotton yarn prices have been raised by exporters in order to cope with reduced profit margins.

Between 2006 and 2016 the number of mills in Bangladesh has increased by over 60%, while the spindle capacity has more than doubled.

Over the past ten years, cotton consumption has also more than doubled, reaching over 1.5 million metric tons, and the current cotton season 2017-18 (August-July) could see a rise by 10.8% of cotton consumption, according to latest data from the US Department of Agriculture (USDA).

Over the same 10-year period, cotton imports have increased by 101.4%, projected at 1.58 million metric tons this season.

Growing no significant quantities of cotton, Bangladesh is fully dependent on imports and spinners have to adapt to the international price trends.

The development of the domestic yarn industry is mostly due to the EU's rules of origin imposing the use of local yarns in knit products, such as t-shirts, for getting a duty-free access to the European market.

Yarn Price Database

More data are available on a daily and monthly basis about the Yarn Market Prices:

Bangladesh Yarn Prices

India Yarn Prices

Yarn Price Comparison

International Yarn Prices

Cotton yarn prices in Bangladesh (.csv file)


Related Reports :

Yarn Market
More on : (1998-2018) - ISSN 1292-8984 -