Home / Knowledge / News / Textiles / PSF price hike irks power-loom industry
PSF price hike irks power-loom industry
31
Oct '09
The All Pakistan Textile Mills Association (APTMA) had responded to the grievances of the All Pakistan Cotton Power-looms Association (APCPA) regarding the rapid growth of yarn prices and its probable adverse effects on power-loom units.

A clarification by APTMA states that the increase in prices of Polyester Staple Fibre (PSF) by 35 percent in a short period of time, despite the textile policy that undertook to pay Rs 4.5 billion subsidy to PTA manufacturers, is the key reason behind the rise in yarn prices.

In this respect, APTMA has already sent a letter to the government underlining that this price hike made Pakistani producers uncompetitive.

APTMA had already warned policy makers' regarding the closure of industry due to soaring prices of PSF and a big PSF producer of the country has also shut down.

There is a shortage of over 11,000 tons of PSF each month in the market. This shortage and the imposition of anti-dumping duty on the imports of PSF resulted into its price hike.

Besides, the unscheduled load-shedding in the mills on gas is another major factor for unavailability of yarn at competitive prices.

Also soaring prices of cotton and other inputs contributed to the yarn price hike, underlined APTMA. However, yarn export is not the only factor responsible for the shortage or its price hike in the domestic market as export volume of cotton-polyester and polyester yarn is very trivial i.e. less than 5 percent of total production of this type of yarn.

APTMA informed the policy makers that reducing the prices of PSF is the only way of stabilizing PC yarn prices. PSF prices can be brought down by removing the duties on its imports and providing subsidies to PSF manufacturers, spinners and weavers along with PTA manufacturers.

Fibre2fashion News Desk - India


Must ReadView All

UK retail firms urge Hammond to ease business rates burden

Textiles | On 20th Nov 2017

UK retail firms urge Hammond to ease business rates burden

Top British retail company CEOs have urged UK finance minister...

L-R: Surya Ajay Agarwal (Director - Donear), Vikram Mahaldar (MD - OCM) & Rahul Rajendra Agarwal (Director - Donear)

Textiles | On 20th Nov 2017

Promoters of Donear Group acquire OCM Woolen Mills

The promoters of Mumbai-based Donear Group have announced the...

Courtesy: Cornell

Textiles | On 20th Nov 2017

Cornell’s tech allows customisation of woven fabrics

Cornell Professor Steve Marschner and Rhode Island School of Design...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Urs Stalder
Sanitized AG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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