Despite the big hue and cry created by the value-added segments of the textile industry like home-textiles and ready made garment manufacturing, it has been reliably learnt that there has been no let up in pace of booking orders for exports of yarn.
According to a fresh allegation made by a power-loom association, around 50,000 power-looms have shutdown in the last few days on account of shortage of yarn in domestic markets and also due to high rise in price of the raw material.
In October, exports of cotton and cotton yarn increased by more than 30 percent at the cost of fall in value addition, due to which the value-added industry had also sought ban on exports of cotton yarn below 32-single count.
Since the beginning of last month, raw cotton and yarn prices have flared up by more than 15-20 percent, making it very difficult for the value-added sector to process orders for orders received a few months back, but meant for delivery in December.
Fibre2fashion News Desk - India
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