Call for Stable Cotton Prices by Tiruppur Garment Manufacturers
By 2024-05-16 10:38:21
Demanding Stable Prices for Cotton from Tiruppur Garment Manufacturers
The Tiruppur garment manufacturers, represented by the South India Hosiery Manufacturers Association, are calling for measures to stabilize cotton prices. They have urged the Cotton Corporation of India (CCI) to maintain consistent pricing and avoid fluctuations driven by global trends. This stability is crucial to support downstream textile units like spinners and weavers, ensuring they can operate efficiently with predictable costs.
The Association's president emphasized the importance of a stable supply chain, where competitive cotton prices benefit garment manufacturers. The CCI's strategy of selling directly to end consumers and not traders is part of this effort to regulate the market and prevent speculative buying that could further drive up prices. Additionally, they've proposed that cotton stocks with traders should prioritize meeting domestic demand before considering exports.
These requests highlight the challenges faced by domestic textile producers and the importance of government intervention to maintain a balanced market environment.
