Home / Knowledge / News / Apparel/Garments / Tirupur knitwear exporters seek reduction in yarn prices
Tirupur knitwear exporters seek reduction in yarn prices
05
Feb '14
Knitwear exporters from the southern Indian garment hub of Tirupur have sought intervention of Union Textiles Minister K Sambasiva Rao for reduction of yarn prices, which have been hiked recently by spinning mills.
 
In the last 10 days, spinning mills have twice raised prices of yarn by Rs. 5 per kg for all counts, following an increase in the price of benchmark Shankar-6 cotton variety from about Rs. 39,000 per candy of 355 kg in December 2013 to Rs. 43,000 now.
 
Accordingly, the prices of 40s combed hosiery yarn have risen from Rs. 241 per kg in December 2013 to Rs. 256 per kg at present.
 
In a letter to the Textiles Minister the Tirupur Exporters’ Association (TEA) president A Shaktivel said the spinning mills have justified the increase in yarn prices.
 
TEA wants the Minister to use his good offices to rollback the increase in yarn prices, Mr. Shaktivel said.
 
Owing to efforts taken to reach the export target fixed by the Ministry of Textiles, there is an increase in orders, and the increase in yarn prices at this juncture is a blow on the knitwear sector and it would be difficult to achieve the target set for this year, he added.
 

Fibre2fashion News Desk - India


Must ReadView All

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Global footwear makers' forum denies membership to Myanmar

Apparel/Garments | On 18th Nov 2017

Global footwear makers' forum denies membership to Myanmar

The Confederation of International Footwear Associations (CIFA), a...

Courtesy: Differential Brands

Apparel/Garments | On 18th Nov 2017

Differential Brands gross profit up 15% in Q3 FY17

Differential Brands, a portfolio of global premium consumer brands,...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search