Related Keywords: affect garment export sector, carded hosiery yarn, consumption of yarn from mills, cotton prices cooling off, increase in hosiery yarn prices, lose competitiveness in global market, SIMA, TEA, Tirupur garment makers
Garment makers in Tirupur have urged textile mills in their region to drop the move on increasing prices of hosiery yarn as cotton prices are cooling off. Cotton prices have come down by Rs 2000 per candy (about 355kg) and in this scenario, the inclination of mills to increase cotton yarn prices will totally affect the Tirupur garment export sector, said A Sakthivel, president, Tirupur Exporters' Association (TEA).
Hosiery yarn prices, which were ruling at Rs 216 per kg in April, are now quoting at around Rs.250 per kg after three rounds of price increases.
