India Cotton Yarn Prices Rise, Knitting Traders Are In Danger.

India spinning mill Cotton yarn The price has been raised again since May 30th, and the Rupp knitting enterprise is in danger.

The price of yarn has risen sharply in the past few months without any prior notice. clothing Manufacturers increasingly find it difficult to lock in the price of terminal products.

In the latest price increase, the price of benchmark 40 yarn increased by 10 rupees / kg, from 177.09 rupees / kg in May 1st to 202.091 rupees / kg. Industry figures have pointed out that since August last year, 40 yarn prices have risen by about 40%. People in the spinning factory say that the rise in cotton prices is the reason for the rise in yarn prices.

However, knitwear manufacturers refute their claims, pointing out that cotton There is a big gap between the price and the frequent rise of cotton yarn prices.

A Sakthivel, President of the Rupp Exporters Association, said that up to now, the spot price of Shankar-6 cotton has risen by only 7.22%. Therefore, the rise in yarn prices can not all be attributed to the rise in cotton prices.

Exporters are seeking the intervention of the central government and hope that the government intervention will help the textile companies continue to compete in foreign markets.