At present the condition of cotton, yarn, and cloth business
The price of yarn produced by local textile mills has fallen by about 20 percent in the last three months. Falling prices of yarn, low gas pressure, and a record rise in fuel oil prices—local textile millers are reeling from this three-pronged shock. Added to this are two new issues like regional weekend holidays for factories and the possibility of an electricity price hike. The demand for ready-made garments in the international market and the demand for its main raw material, yarn, is also falling due to inflationary pressures around the world under war conditions. At the same time, the price of cotton is also falling. As a result, the price of yarn produced by local textile mills has come down by almost 20 percent in the last three months. Local industry officials say that the price of yarn is falling at a higher rate than the price of cotton, the main reason for which is the decline in demand for clothing in the glo...