High cotton prices hurt textile mills, garment units

May 03, 2022 07:02 pm | Updated 07:03 pm IST - COIMBATORE

With some textile mills increasing cotton yarn prices on Monday, garment manufacturers in Tiurppur have called for a ban on export of cotton and cotton yarn. Textile mills have, meanwhile, urged the Union government to come out with a system to collect accurate data on cotton production and consumption.

“There is no data on cotton production, consumption, stocks available with farmers and traders,” Ravi Sam, chairman of Southern India Mills’ Association (SIMA), said.

“Textile mills are adding spindles and cotton consumption is increasing. Only with proper data can the government take decisions that will help the industry,”

It is estimated that at least two lakh spindles are added every month leading to higher demand for cotton. Textile mills have started contracting cotton from overseas suppliers though international prices are at present slightly higher than domestic prices. If cotton and yarn exports are banned, prices will crash and the mills will incur losses, he said. Cotton prices reduced slightly when the government removed the import duty. However, the prices started shooting up after that.

The government should announce a technology mission on cotton to increase productivity and introduce a system to collect proper data on cotton, he said.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.