Home / Knowledge / News / Textiles / Yarn & fabric demand may revive by end-June
Yarn & fabric demand may revive by end-June
03
Jun '11
The volatility in cotton prices and in turn, yarn and fabric prices are making powerloom factories jittery, due to which they have reduced their production by nearly 50 percent.

However a ray of hope may be visible after June 15, when powerloom factories start planning to deliver goods in time for the oncoming festive season.

Cotton prices which had touched dizzying levels of Rs 63,000 per candy (1 candy=356 kg), had slipped to around Rs 45,000 per candy. Prices have been witnessing stability at this level, since the last few days.

“The demand for fabrics has gone down and basically the moral is also very low due to sudden downfall in prices of cotton & cotton yarn, which have fallen by 25-30 percent. Powerloom owners are expecting that prices may go down further, due to which there is an air of uncertainty”, says Mr Bharat Chhajer, Chairman, Powerloom Development & Export Promotion Council (PDEXCIL).

He added, “So due to the low moral, the demand is less and the looms are closed and the production has reduced by about 50 percent, because there is no uptake of the fabric”.

Providing more details, he said, “We are expecting the market to revive by June 15, but still there is no complete information regarding export of cotton, until then, there are few chances of improvement in market conditions.

“Moreover, traders and factories are carrying high inventory levels, which were bought at very high prices. The difference is so big that traders and processors are incurring huge losses this time. Even a small trader would be losing about Rs. 5-10 million and losses of big processors are even higher.

“The textile market currently is very volatile and like a tsunami. We are noticing that at present, no one is buying grey fabric, due to which, powerloom factories too are not buying yarn. So yarn and grey fabric stocks have piled up, again, due to which production of powerlooms has fallen.

“The situation may revive by June 15, but unless and until the Cotton Advisory Board (CAB) meets urgently, nothing can be said for sure. However we hope that the market stabilizes, latest by end of June”, he winded up the interview by saying.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

German investors keen to invest in Pakistan: top official

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Courtesy: Uster

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Kevin Nelson
TissueGen

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Bani Batra

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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

Leave your Comments


April 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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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