India’s value-adding textile units have sought certain measures to bring down the prices. They are expected to slow down their cotton and yarn purchases for the next few days.

A. Sakthivel, Chairman, Apparel Export Promotion Council, says apparel exporters are unable to book orders as the price of 40s count cotton yarn increased by 60 per cent in the last one year,. The governments should also take steps to control yarn exports and talk to all the stakeholders, he added.

The South India Hosiery Manufacturers’ Association adds,Cotton Corporation of India should provide cotton to MSME textile mills at affordable prices. The Central and State governments should also ensure stability of cotton and yarn prices, it added.

K. Gopalakrishnan, President, Karur Textile Manufacturers and Exporters’ Association, says, the yarn price hike threatens to stifle the growth of the entire textile sector. It leads to exporters losing the confidence of the international buyers.

Ravi Sam, Chairman, Southern India Mills’ Association, adds, the price of Sankar-6 variety of cotton has increased from Rs 55,000 per candy during the beginning of September to Rs 67,000 per candy now.