India Cotton Yarn Prices Rise, Knitting Traders Are In Danger.
India
Spinning mill
The price of cotton yarn 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.
Garment manufacturer
It is more and more 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.
The industry pointed out that since last August, the price of 40 yarns has risen by about 40%.
People in the spinning factory say that the price of cotton is rising.
yarn
The reason for the price increase.
However, the knitwear manufacturers refute their claims, pointing out that there is a big gap between cotton prices and the frequent rise in 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.
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