The Abnormal Price Of Knitting Yarns In India Has Forced Many Enterprises To Stop Production.

2010/6/30 9:40:00 34

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India

The knitting industry in Bangladesh is affected by the abnormal price of knitting yarns and the decrease in supply.

These problems force many enterprises to stop production.

KB Agarwala, a member of the India knitwear manufacturers association (FOHMA), said knitting

Fabric

Shortages are a fatal blow to some sectors, such as bleaching, dyeing, cutting and sewing factories, which will eventually affect about 150 thousand workers.

Agarwala said at the press conference that the price of knitting yarn has soared since November 1009.

But the industry is getting worse and worse, and a few knitting factories in ban Garr area have been closed.

The price of yarn in October 2009 was 140 rupees / kg, and now it has risen to 195 rupees / kg, or 40%.

With price surging, price turbulence and shortage of yarn supply has become a major problem.

He said yarn prices have risen 22 rupees / kg since April of this year.

India

Socks

60% of the market in ban Garr area, part of the knitting factory production has dropped 40-50%.

The associations asked the federal government to review the current situation.

However, so far, the government has not taken action to solve this problem. Only a quick investigation has been carried out by the office of the textile Commissioner's district.