Dhaka ? Many of Bangladesh?s small and medium sized
knitwear manufacturers industries are at risk of closure if yarn prices remain
as high as they currently are.
The stark warning came from Fazlul Hoque,
president of the Bangladesh Knitwear Manufacturers and Exporters Association
(BKMEA), who said the high prices meant many small producers were struggling to
compete on the international market. He also said that government intervention to
regulate domestic yarn prices so that the export sector was not hampered, was
urgently required.
