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Related Keywords: cut production, hit powerloom unit, yarn price

Sharp increase in yarn prices have hit the powerloom units very badly and most of suppliers have now decided to cut production by downing their shutters once in a week to stay in the business by avoiding huge losses.

"We are trying our best to clock a handsome business ahead of Diwali. But, we are finding it difficult to meet the orders as yarn prices have gone up," said K Suresh, president of Erode Powerloom Owners Association (EPOA).

Related Keywords: carpet, Currency devaluation, cut production, excessive dependence on China, fabrics, garment expor market, Indian garment export, jutes, Made ups, perform better than textile, spinning mills, textile products include raw cotton, wider geographical spread, yarn

Indian garments export likely to continue performing better than those of textiles for some more time due to wider geographical spread of its export markets. While textile exports is affected due to an excessive dependence on China, reports Banikinkar Pattanayak in New Delhi. Textile exports include a range of products such as raw cotton, yarn, fabrics, made-ups, carpets, jutes, etc.

Related Keywords: Bangladesh jute spinners, Bangladesh Jute spinners association, bank interest waiver, cut production, hit jute export trade, income of private jute spinners, jute mills, political turmoil, production cost, shipment of raw material

The political turmoil in Bangladesh has hit jute export trade and income of the country's 96 private jute spinners. Overall export earnings and activities of the factories have been hampered because of blockade coupled with hartals enforced by BNP-led 20-party alliance, the Bangladesh Jute Spinners association said.

Related Keywords: boost jute exports, cut production, demand to impose duty, domestic jute bage manufacturers, domestic manufacturers, flooding Indian market, India and Bangladesh, Indian jute mills association, jute geo-textiles, Jute Packaging Materials Act, non level playing, on import of jute goods, SAARC treaty, subsidized jute goods, zero duty

The Indian Jute Mills Association (IJMA) has raised the demand ahead of the Union Budget to impose duty on imports of jute goods from Bangladesh that has grown by 35 percent in the April-December period of this fiscal at the expense of domestic manufacturers. Over the same period, the domestic jute bags manufacturers have cut production by more than 25 percent.

Under the SAARC treaty, there is zero duty on import of jute goods from Bangladesh, thereby creating a non level playing field between jute manufacturers of India and Bangladesh.