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Rise in linen prices troubles exporters

Rising price of linen is creating trouble for many exporter in the last one-and-a-half months, especially small and medium level ones who use linen as their main fabric. An exporter engaging in business of just Rs 4 crore claims to have suffered a loss of Rs 4 lakhs due to this hike, which comes out to be Rs 30 per metre.

Due to higher demand and less supply prices has gone up by almost Rs 200 per kg. Even big mills are now importing fibre on current price and have increased the price gradually. The rise in linen prices have made exports of products more challenging by making Indian exporters uncompetitive against competing exporting nations. Though experts feel there is some constancy now in prices which are predictable to remain the same till the end of 2018. Since the hike is happening after many years, the market is taking time to adjust to the change.

 
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