Bangladesh's textile industries, the country's primary sector, faced tremendous economic pressure and struggled mightily in the last year due to the abnormal price hike in raw cotton, the likes of which we haven't seen in recent memory. As the 2nd-largest raw cotton importer in the world, Bangladeshi spinners suffered badly due to the volatile price of raw cotton and the significant impact it had on the sector. Mills had to adopt different means of coping with the unbalanced situation between yarn manufacturing cost and yarn selling cost, and as a result, they had to wait to get an acceptable price. Thus, a huge stock of yarn was lying in their warehouses for several months. Spinners had to reduce their production just to stay in business and learned to purchase raw cotton slowly due to the high prices.
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