Home / Knowledge / News / Textiles / Yarn prices have weavers in a sweat

Yarn prices have weavers in a sweat

23
Apr '10
The flare-up in cotton yarn prices has the got the weaving community in a sweat. Incessant rise in cotton yarn prices which have increased between 25-30 percent has not translated into higher prices of grey fabrics.

This has resulted in many weaving units cutting down on production by up to 25 percent. Powerloom weavers in Ahmedabad, which was known as the Manchester of the East and has around 11,000-12,000 powerlooms is facing the same predicament.

Speaking to fibre2fashion, Mr Navin Patel, President of Ahmedabad Powerloom Owner's Association, said, “It is true that whenever price of synthetic or raw cotton increases, it is always the weaving units which are affected.

“During past three months, there has been an increase in the price of cotton yarn between approximately Rs 40 to Rs 60 per kg cotton yarn, but prices of grey fabrics have not kept pace, due to which, as of now, we are incurring losses.

“The policy of the government to restrict cotton and cotton yarn exports has put a stop to the increase in yarn prices, but according to me, the prices should come down further as many units have closed down or cutback production”, he concluded by saying.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 12th May 2021

Economic recovery under threat amid surging COVID cases: UN

While the global growth outlook has improved, led by robust rebound...

Pic: 2p2play / Shutterstock.com

Retail | On 12th May 2021

Retailers need to consider changes as US emerges from pandemic: NPD

Millions of new remote and hybrid-remote workers, kids returning to...

Pic: Shutterstock

Textiles | On 12th May 2021

Uzbekistan exported textile products worth $637.7 million in Q1 2021

Uzbekistan exported textile products worth $637.7 million to 54...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Textile Industry, Head honchos

Textile Industry
Head honchos

Estimate loss of $8-$10 billion in turnover

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor <g...

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Vikram Juneja,

Vikram Juneja

Jaquard is a training institute providing a highly specialised training...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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


May 2021

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


Advanced Search