The impact of India's cotton knitwear industry prices

Indian cotton prices rose steadily, the price of yarn, followed by India Tirupur knitwear cluster region caused great harm to business, as the court ordered the closure of dyeing factories, so they are currently facing a serious crisis.

    As the main production enterprise cluster Tirupur cotton clothing, even if cotton prices and cotton prices less volatile, but also on clothing a significant impact on corporate profits.  
    Shankar - 6 Cotton prices rose, from October 2009 (cotton beginning of the year) of only Rs 22,700 / candy (356 kg) rose in October 2011 of 37,700 rupees, now hovering in the Rs 64,000, while Shankar -
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Cotton is the Tirupur cluster 6, the largest amount of cotton enterprises.

    Textile exporters, but also the Indian state-owned Cotton Advisory Committee Raja Muthusamy Shanmugam said that last month, almost one day a price of cotton prices, mill is difficult to maintain large inventories.

    He said that since January 1, Shankar - 6 in price from Rs 43,000 / candy rose to the present Rs 64,000 / candy. Under normal circumstances, this situation should not have happened in January when the largest cotton. 

    According to him, this year, due to many reasons, some of the major cotton producing countries reduced production, such as the United States and China, In addition, international cotton prices soaring, and a corresponding increase in the domestic market price.
    South India Hosiery Manufacturers Association (SIHMA) president AC Eswaran said that due to speculative trading and hoarding of cotton led to further rise in cotton prices, so the situation can only become more critical.
    Large-scale spinning mills in the region can only be maintained for three months inventory, so this critical situation can only deteriorate further.
    As cotton prices, the domestic market cotton prices also followed up. 40 the cost of yarn is now 275 rupees / kg. 
   & Nbsp2010 on January 1 the price of just Rs 164 / kg.
   Mr. & nbspEswaran that the government should ban cotton futures, cotton and yarn to ensure adequate supply to meet domestic demand, the order to allow the export. He said that this is the only way to let the price down.