India Textile Association declaimed recently that the textile and manufacture enterprises in India TamilNadu suffered great blow due to the high yarn price that has increased 20-30 Rupee/bundle compared with August and flood in North-India.
It is known that due to the rainfall and flood in North, transport was postponed, so India yarn manufacture enterprises have to increase yarn price with the excuse of timeless consignment. At the same time, SIMA said that local 1800 textile factories have no stock, major of them will have to purchase yarn at arbitrary price; Besides, it is analyzed that 1Rupee increased yarn price will lead to 3-4Rupee increased cloth price, as a result, the finished product will also difficult to sell.
It is known that due to the rainfall and flood in North, transport was postponed, so India yarn manufacture enterprises have to increase yarn price with the excuse of timeless consignment. At the same time, SIMA said that local 1800 textile factories have no stock, major of them will have to purchase yarn at arbitrary price; Besides, it is analyzed that 1Rupee increased yarn price will lead to 3-4Rupee increased cloth price, as a result, the finished product will also difficult to sell.
