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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


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