Home / Knowledge / News / Textiles / Yarn prices leave exporters in state of dismay
Yarn prices leave exporters in state of dismay
Feb '08
The local textile exporters in Karur district Tamil Nadu are already worried due to rupee appreciation. To further add to their troubles, the Government has decided to raise the prices of hank yarn up to 15 percent.

The exporters are displeased by the fact that prices of popular varieties like 10s and 2/17s and other coarse counts increased. To bring a solution to the problem Karur Textile Manufacturer Exporters' Association(KTMEA), together with other exporters are planning to meet Union Finance Minister Mr P Chidambaram.

In an exclusive interview, Mr P Gopalakrishnan, Secretary, Karur Textile Manufacturer Exporters' Association told Fibre2fashion, "There are several reasons behind the sudden increase in hank prices. Yarn manufacturers and merchants had an imaginary forecasting of high demand of certain yarn counts, from the industry, out of recently held Heimtextil trade fair.

“As demand increases prices go up. Yarn merchants and traders want to make lot of profit. Thus, when yarn prices start increasing, the exporters always want to buy their total requirement of yarn, which they may need for the existing orders. This creates demand and ultimate yarn price increase.”

The KTMEA Secretary, asserted, “Both producers and exporters are showing resentment because of this 15 percent hike in hank yarn prices. They will soon approach the Union Government and yarn manufacturers and merchants associations to take immediate action to reduce the yarn price, which has happened because of imaginary demand basis.

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

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

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

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search