BANGLADESH: Government Fixes Cotton Waste Price at $1.60 a KG
The government has fixed the minimum export price of cotton waste, a by-product from spinning mills, at US$1.60 per kg. The new move, taken as per recommendations by the Bangladesh Textile Mills Association (BTMA), is aimed at making the item available for local manufacturers and discouraging its export, according to…
Egytex News Desk
Egytex
Bangladesh Textile Mills Association President Abdul Hai Sarker said the local manufacturers can produce fabrics worth US$ 250 million from the cotton waste a year but unscrupulous traders export this spinning by-product worth less $10 million.
Since the highly value added item is used for the production of exportable products such as denim, terry towel and home textile the government should also check any under use of cotton waste, he said.
"Our local industries will benefit from the government's latest decision to fix the price of cotton waste,” Sarker said.
Source: The Daily Star
From the Egytex news archive, first published on 23 June 2008. Figures and names are as reported at the time.
