The textile industry in Narsingdi, one of the country's major textile-producing regions, is facing a crisis due to an abnormal rise in yarn prices. As production costs increase without a corresponding rise in fabric selling prices, factory owners are struggling to cover operational expenses such as bank loan interest, workers' wages, and electricity bills.
Factory owners in areas like Chouala, Madhabdi, Bilasdi, Khatehara, Hajipur, Hasnabad, and Kararchar allege that yarn traders lack transparency in market control and pricing, arbitrarily increasing prices through syndicates. However, local yarn agents have denied these allegations, stating that they are forced to sell at higher prices because rates are being increased at the spinning mill level.
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