While the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) submitted a proposal with the ministry of commerce (MoC) to establish the Cotton Security Council to control prices of domestic cotton yarn, the Bangladesh Textile Mills Association (BTMA) has opposed the BGMEA proposal calling it 'unreasonable', 'unrealistic' and 'inconsistent.'

The former, a body of apparel makers has also demanded inclusion of the provision of council into the new export policy of 2015-18. The country's spinning mills provide around 40 to 80 per cent of cotton yarn to the domestic knit and woven garments units at competitive prices but the domestic spinning mills face competition from the low cost imported cotton yarn.

Prices of the country's yarn depend on prices of imported cotton yarn, of Indian cotton yarn and domestic demand of apparel makers. However, textile millers say that if the cotton council is formed, expansion and competitive situation of the country's spinning mills will be hampered.