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TEA appeals spinning mills to continue to supply yarn

Dec 23, 2020
TEA appeals spinning mills to continue to supply yarn

The Tirupur Exporters Association (TEA) appealed spinning mills to not stop the supply of cotton yarns as its affecting apparel manufacturing units.  The mills are not taking any new orders and have stopped production said Raja M Shanamugham, President, TEA in a letter to leading mills’ associations.

Shanamugham also explained that the apparel sector is functioning on thin margins and encounters tough competition in the global market hence curtailing the supply of yarn would hit the sector hard. He also said despite the rise in yarn and cotton prices in the last few months, textile units have been buying yarn consistently. The decision to stall production of yarn will affect the export orders of apparel manufacturers gravely.

He further shared in the letter that once manufacturers lose their buyer, it will become challenging to gain their interest back, especially when for domestic players the competition in the global market is stiff.

 

 

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