AHMEDABAD: Cyclone Biparjoy has badly hit the textile industry in Gujarat, though manufacturers are hopeful that the situation will improve in the coming months. With ginning units based in Saurashtra ceasing production activities and a large number of markets remaining shut, cotton arrivals in the state have come down to around 8,000 bales per day from around 25,000 bales a day last week. Power supply is yet to be restored in parts of Saurashtra and Kutch. Spinning mills will remain closed for a few more days in some areas of the state.
Jayesh Patel, vice-president, Spinners' Association Gujarat (SAG), said: "Most of the spinning mills in Saurashtra and the Kutch region stopped production for two days due to the cyclone. There are about 70 spinning mills in the Saurashtra region and most resumed operations on Saturday." but many are still closed due to power issues.Cotton yarn prices are down to Rs 245 per kg (30 comb variety) and mills are running at around 80% capacity against the biggest drop in exports.
Gujarat has recorded a bumper crop of cotton this year and the movement of arrivals was 25,000 bales per day before the cyclone, said Ajay Shah, secretary of the Gujaratkot Association.
Shah said “During the cyclone, arrivals have come down to 8,000 bales per day as ginning has been stopped. We believe Gujarat will press at least 93 lakh bales this year and still around 10 lakh bales will be carried forward.
The Indian textile industry has seen huge volatility in cotton prices in the last one year and experts believe that higher MSP will ensure better sowing this season as well.
Regards
Team Sis
Any query plz call 9111677775
https://wa.me/919111677775
