textile industry: Impact of pentup demand and reduction in imports; Up to 30% increase in yarn prices can be expensive | Impact of pentup demand and reduction in imports; Up to 30% increase in yarn prices can be expensive

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  • Textile Industry: Impact Of Pentup Demand And Reduction In Imports; Up To 30% Increase In Yarn Prices Can Be Expensive

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New DelhiOne hour ago

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Bhilwara | Yarn mills of Bhilwara have started manufacturing yarn with 100% capacity due to sudden increase in the prices of yarn. Even after this, they are not able to meet the demand.

The demand for and supply of yarn and fabrics has come down significantly due to increased pentup demand and a decrease in imports from China, due to the closure of business for four months of the Coronacal. Due to this, the prices of yarn have gone up by 30% over the last year. Due to yarn being expensive, clothes have also become expensive from Rs 10 to Rs 35 per meter. Traders say that the cost of summer garments may increase by 10 per cent due to the cost of textile.

Polyester and textured suitings become expensive
Ramesh Aggarwal, vice-president of Bhilwara’s Synthetic Weaving Mills Association, told Dainik Bhaskar that polyester and textured suitings were now about Rs 10 per meter more expensive than in February last year. Cotton cloth has become costlier by Rs 25 to 30 per meter and denim cloth by Rs 30 to 35 per meter. This boom will continue till June. For the first time in a year in Bhilwara textile market, the prices of yarn have increased so much, due to which the fabric has also become expensive.

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Industry worried about increased prices of yarn and clothes
Ludhiana’s hosiery and garment industry, which suffered due to Corona in the winter season, has high hopes from the summer. However, increased prices of yarn and clothing have raised concerns about the garment industry in Ludhiana. Sudarshan Jain, president of the Apparel Manufacturers Association of Ludhiana, says Ludhiana’s hosiery industry does a Rs 5000 crore business of summer clothing.

The price of Lycra used in T-shirts to sports wear was Rs 400 per kg in November, which has now gone up to Rs 800 per kg. The prices of cotton, polyester and other yarns have also increased from Rs 35 to Rs 100. Jain says, due to rising raw material prices, the burden of more than 300 million has come on the industry. We have to increase the price even without wanting it. Traders say that the prices of summer clothes may rise by 10 per cent this year.

Kuntal Jain, director of Duke Fashions Says “Demand is good, but raw material has become very expensive. We are raising prices by 6-10%, while most of the burden of increased prices is being borne by ourselves.”

Denim-cotton clothes are the most expensive

The cloth February 2020 Feb 2021 Increase Rs. in
Paul.Viscas 45-90 55-100 10
Texturaj 45-90 55-100 10
Cotton 135–145 160–175 25-30
Denim 180-240 210-275 30-35

Note: Figures in rupees per meter. As stated by Sanjay Pediwal, President of Synthetic Weaving Mills Assessment.

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