Home / Knowledge / News / Apparel/Garments / Yarn woe sends Tirupur exporters into a tizzy
Yarn woe sends Tirupur exporters into a tizzy
17
Dec '10
The ever spiraling price of cotton yarn is sending the knitting and garment export hub of India, Tirupur in to a tizzy. According to the exporters, since the yarn price is not stable, they are very careful when accepting new orders.

For example, the yarn price which stood at Rs 139 per kg in August 2009 is now quoting at Rs 250 per kg and is also not available in adequate quantities. Between March and May this year alone, prices climbed steeply from Rs 165 per kg to Rs 202 a kg

The exporters are not able to increase the prices accordingly as orders are taken 4-5 months in advance, which has caused massive losses for the Tirupur knitting sector, which exports around Rs 120 billion worth of clothing and textiles.

Commenting on the issue of spiraling prices of yarn, Mr A Sakhtivel President – Tirupur Exporters Association (TEA) informed fibre2fashion, “In the last eight months, because of incessant rise in yarn prices, the export businesses in Tirupur have not been able to accept orders, due to which all of us have suffered”.

He wrapped up by saying, “Now with the government stopping exports of cotton yarn, I foresee that, yarn prices will stabilize and hope 2011 will be a good year”.

Mr D Prem, CMD - Prem Durai Exports Pvt Ltd said, “Right now cotton and yarn prices have increased but on the contrary we can expect good growth next year because of the problems in China, as a lot of buyers have switched to India. I think India is next destination as an alternative destination for replacement so the future will be good.

It's a global phenomenon that people would call for ban on yarn exports, but today we have an open trade so there is no point in actually banning exports. But we feel the prices have to come down because it is a very artificial increase.

“It has definitely affected our business as raw material accounts for 60 percent of the cost of the garment, so it has a created a very negative impact. The dollars exchange rate has been in our favour, which has helped stay above the water and we look for a better future”, he concluded by saying.

Mr Shiva, Export Manager - Stencil Apparel had this to say. “We are a garment exporter and we buy yarn from outside mills and make garments but yarn prices have skyrocketed and buyers are not willing to shell out higher prices.

“We have a large quantity of orders in hand, but we are not able to get yarn from the mills. Even though we are buying at high rate they are not delivering the yarn, which is the main problem facing Tirupur based exporters.

Only the exporters who are having their own spinning mill can survive and since we like many others are small exporters, it has become very difficult to do business and even though yarn export has been banned, it is still not available in the market”, he finished off by informing.

Fibre2fashion News Desk - India


Must ReadView All

Uzbekistan wants joint ventures with Hungarian textile firms

Textiles | On 20th Feb 2018

Uzbekistan wants joint ventures with Hungarian textile firms

Uzbekistan has offered Hungary to create joint ventures in the two...

Vietnam’s textile & garment exports up 10.68% in 2017

Textiles | On 20th Feb 2018

Vietnam’s textile & garment exports up 10.68% in 2017

Vietnam came very close to achieving its 2017 textile and garment...

Courtesy: Urban Outfitters

Apparel/Garments | On 20th Feb 2018

Urban Outfitters Q4 FY18 sales climb 5.7%

The net sales of Urban Outfitters, Inc., a leading lifestyle products ...

Interviews View All

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Urmil Arya

Sushila International, a well established textile organisation established ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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