Related Keywords: account forty six percent of total installed spinning capacity, CAB, capacity of up to twenty five thousand spindles, educed production by about fifteen to twenty percent, losses continue to mount, sharp rise in cotton prices, SIMA, small and medium textile mills in Tamil Nadu, Tamil Nadu textile mills
Following the sharp rise in cotton prices, small and medium textile mills in Tamil Nadu (TN) with a capacity of up to 25,000 spindles have reduced production by about 15%-20% since the beginning of the month as losses continue to mount. Tamil Nadu textile mills account for about 46% of the total installed spinning capacity in the country.
Mills are losing about Rs 15 per kg on yarn. This has come even after two rounds of price increases by mills that resulted in yarn prices going up about Rs 20 per kg since April.
