With the improvement in cotton prices, the rising yarn prices have also come under control. Recently in Tamil Nadu it was decided to reduce the price of cotton yarn by Rs 40. In fact, 40s count yarn was sold here on Saturday at Rs 434 per kg, while now its price has been reduced to Rs 394. For information, let us tell you that the price of yarn of the same quality was Rs 237 per kg in May 2021.
Tiruppur Exporters Association (TEA) President Raja M Shanmugam said the fall in yarn prices is a welcome sign. “The industry has been talking about increase in yarn prices for the last 18 months. The revised price came into force amidst the efforts. We expect it to decline further. This trend will pave the way for international orders. ,
Tiruppur Exporters and Manufacturers Association (TEAMA) President M P Muthurathinam said orders had dried up due to exorbitant yarn prices. “Textile manufacturers will not get more orders just because of the 40 fall. The downward trend should continue.
