India Tamil Nadu Reduces 5% Knitting Yarn Price

Thursday, India Federation Spin Minister marang said that the owners of the textile mill in Tamil Nadu, India, agreed to reduce the price of cotton knitted yarn second times by about 5%, thus temporarily easing the difficulties of garment exporters.

A few weeks ago, Rupp and his factory owners signed an agreement. yarn The price is reduced by about 5%. As the price cut is not enough, the exporter asked the minister to continue to reduce the yarn price. The price of cotton yarn has increased unprecedentedly, resulting in industrial cracks. Garment manufacturers blame spinning mills for the rise in yarn prices compared to cotton prices, while the spinning owners point out that the cost of electricity is too high and labor is tight.

At the beginning of this month, the price of 40s cotton yarn rose to 200 rupees / kg. The reason is last month. cotton Prices are rising. Tamil Nadu accounted for 47% of India's spinning capacity, accounting for more than 40% of India's cotton yarn exports.