Powerloom weavers in Tirupur District have decided to stop production from April 27 to May 15 because fabric stock has started piling up as demand for it has come down.
President of the Tirupur District Powerloom Cloth Manufacturers' Association M. Duraisamy told The Hindu that this was decided at a meeting of the association held in Tirupur on Tuesday.
Cotton and yarn prices came down by 10 per cent during the last few days. Fabric prices have, however, declined by 15 per cent to 20 per cent.
Further, fabric buyers had reduced purchase and were waiting for prices to reduce further. This had resulted in stocks piling with the powerloom units. “We have no option but to stop production for 15 days,” he said. Powerloom owners in Coimbatore district have also decided to slow down operations as there is a decline in price and demand for textile fabric.
Textile manufacturers (powerloom weavers) in Somanur have decided not to supply yarn to the powerloom units for two weeks from April 26.
President of the Somanur textile manufacturers' association C.R. Ponnusamy said that the price of 60s count cotton yarn was about Rs. 300 a kg and that of 40s count yarn was Rs. 250 a kg. The textile mills should reduce the yarn prices by Rs. 25 to Rs. 30 a kg. The cloth buyers had reduced the prices by nearly Rs. 5 a metre. They had also brought down their purchase expecting the prices to decline further. This had hit the powerloom weavers and hence they decided not to supply yarn for the next two weeks. Coimbatore and Tirupur districts had about three lakh powerlooms.