RMG export prices fall up to 16% in last 8 months

Export prices of Bangladeshi garments have fallen by 8-16% year-on-year in the last eight months due to lower global demand amid inflation, according to BGMEA. Despite a 4.97% growth in garment exports during July-April, it was far lower than the previous year. The BGMEA president urged the government to reduce production costs, continue cash incentives, ensure utilities, and facilitate investment to achieve the $100 billion export target by 2030.