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Indian knit makers opt for man-made fibre to counter wool price rise

A few manufacturers are planning to opt for man-made fibres like acrylic and polyester blend to counter increasing rising wool price. Price of raw Merino wool imported from Australia rose between 30 and 200 per cent depending on microns in the past 7-8 months. Raw wool, which was available at Rs 1,200 per kg around 7-8 months ago now costs Rs 1,600 per kg.

Price volatility of raw material is likely to impact manufacturers, resulting in increase of prices of shawls, pullovers, coats and other woollen garments. Exporters will, however, face the heat due to their export commitments at negotiated rate. Exporters fix rates with buyers much in advance. Punjab is the main cluster of India’s woollen units, followed by Haryana and Rajasthan. The increase in prices of raw material will adversely affect the Rs 3,000-crore Punjab shawl industry, mainly concentrated in Ludhiana and Amritsar. The other shawl industry centres are Jammu & Kashmir, Kullu in Himachal Pradesh and in the North-East.

 

 
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