India Rupp Manufacturers' Association Calls For The Prohibition Of Export Of Cotton And Cotton Yarn
On Thursday, India's Rupp exporters and Manufacturers Association (TEAMA) said that because of the frequent rise in cotton prices in recent months,
Garment manufacturing enterprises
Encountered operational difficulties.
The association has hundreds of exporters of knitted garments.
TEAMA President Ramesh Kumar (K. Ramesh Kumar) said that in the past 8 months, yarn prices soared by about 50%, Rupp.
Industrial Cluster
Small and medium-sized garment exporters are increasingly unable to compete in the global apparel market.
Mr. Kumar thought, if
government
Eager to control the price of domestic yarns, the export of cotton and cotton yarns should be totally prohibited.
He pointed out that India's exports of cotton yarn and cotton have encouraged India's competitors, such as Bangladesh, Pakistan, Vietnam and China, whose low value added clothing prices pose a competitive threat to India exporters.
Members of the TEAMA hope that the central government will set up a high-level committee to supervise the production and supply of cotton and cotton yarn, so as to ensure that domestic manufacturers can get the necessary raw materials.
Extended reading:
On Tuesday, cotton trading in Western India spot market was supported by good demand, and the market remained stable. The total number of goods arrived in the country was 16000 bales.
Gujarat's S - 6 cotton trade price is 29000-29500 rupees / candy, and V-797 cotton trading price is 21700-22000 rupee / candy.
In Maharashtra Vidarbha market, the new cotton 28+MM quoted 28000-28600 rupees / candy, and the new cotton 29+MM quoted 28800-29200 rupee / candy.
The new cotton 28+MM trading price in central Sendhwa region is 28000-28600 rupee / candy, and the new cotton 29+MM quotation range is 28800-29200 rupees / candy.
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