The Apparel Export Promotion Council
has maintained that there was no increase in the cotton prices and supply of
cotton to the garment industry remained normal
The Council Chairman Dr A Saktivel has reviewed the prices of yarn in the
light of industry bodies giving a joint call to yarn suppliers to stablize the
supply and price of the Yarn recently.
In a recent AEPC
webinar, Associations ask to stabilize the supply and price of the yarn
In recent webinar meeting jointly
conducted by Apparel Export Promotion Council (AEPC), Confederation of Indian
Textile Industry (CITI), Tamil Nadu Spinning Mills Association (TASMA),
Northern India Textile Mills’ Association (NITMA), The Southern India Mills’
Association (SIMA) and other associations had asked the yarn suppliers to
stabilize the supply and price of the yarn.
In the light of this development,AEPC Chairman Dr A Sakthivel has reviewed
the prices of yarn and observed that Rs 10 per kg has been increased in the
month of January whereas warp yarn price has been decreased by Rs 15 per kg.
Cotton Corporation of India has come up with a scheme that the purchaser can
block the cotton by giving very nominal advance, he said.
If the buyer
replaces our country for their sourcing, then it will be very difficult to
bring them back; maintain yarn price as in Dec without any increase said AEPC
Buyers aren't giving any raise in the prices since no country has increased
the prices for Cotton Garments. Moreover, now we have observed some improvement
in getting orders from Europe & USA. At this juncture, if we apply further
pressure for price hike it may lead them to switch over from India to other
countries who are competing with us. If the buyer replaces our country for
their sourcing, then it will be very difficult to bring them back. Ultimately
it will impact the garment industry and in turn sourcing of yarn will be reduced.
Considering the win-win situation, AEPC Chairman appealed to the
Association of Yarn Suppliers to maintain the yarn price as per December month
without any increase and also ensure normal supply of Yarn to the Garment