India Tamil Nadu Lowered The Price Of Knitting Yarn By 5%
Recently, India federal textile minister marang said that the owner of India's Tamil Nadu textile factory agreed to cotton the second time.
knitting
Yarn prices dropped 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 that cotton prices rose last month.
Tamil Nadu accounts for 47% of India's spinning capacity, accounting for India.
Cotton yarn
More than 40% of exports.
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