AEPC appeals for stable yarn price, normal supply to garment manufacturers

2021-01-21 15:55:22 Exim News

 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 Chairman

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 manufacturers.

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