Home / Knowledge / News / Textiles / Pak's Faisalabad yarn market confronts severe crisis
Pak's Faisalabad yarn market confronts severe crisis
12
Jan '12
Pakistan's biggest yarn market in Faisalabad is confronting a severe crisis mainly due to the prolonged power and gas outages and declining textile exports. The closure of several textile units in the country has caused the sales of yarn to drop by 80 percent in the last few months.

With vanishing buyers in the domestic market, textile traders in Faisalabad are forced to export their yarn. Further, the lack of fresh orders flowing in to the textile weaving industry has led to a fall in demand for yarn, while closure of textile industries is delaying cash transactions.

Faisalabad's yarn market supplies raw inputs to several textile weaving units, power looms, hosiery units and other production units in Pakistan. However, the closure of several textile mills is being apprehended to result in a dearth of raw inputs for domestic value-added industry over the next few months, which would negatively impact its performance.

Several industries, mainly spinning and weaving units, are the leading procurers of cotton and yarn. However, power looms have been badly hit due to restraints in the form of energy crisis and waning orders from textile exporters. Rise in production costs persuaded by frequent rise in power tariffs and heavy load-shedding, have raised the concerns of the loom owners.

All these adversities together have led to the near collapse of the yarn market, but exports of yarn are providing some relief to the traders, according to Pakistan Yarn Merchants Association.

Export market and domestic demand mainly govern the yarn prices in the domestic market. Presently, though the home market is not very sound, global yarn prices are reasonably good. So, a drop in prices in local market has led to stabilisation of rates and yarn is now being shipped to world markets.

According to yarn exporters, domestic farmers and ginners should be enlightened regarding quality enhancement, packing, grading, labelling and storage, so as to boost the demand for Pakistani cotton and yarn in export markets.

They add that better quality raw cotton would not only help in curtailing the cost of production and waste material, but would also help the spinners to produce high grade cotton yarn, which in turn would lead to better returns.


Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

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

Madhu Jain
Madhu Jain

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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