The textile ministry has asked cotton yarn producers to keep the prices low so as to ensure that various segments of the textiles industry, mainly the power-loom sector, are not impacted adversely. Similarly, Industry body, Apparel Export Promotion Council (AEPC) has advised all cotton yarn producers to keep the prices low so that there is no need of intervention by the government. Textiles Secretary Zohra Chatterjee held a meeting of stakeholders on the problems being faced by the industry.
Recently, the council has asked the government to restrict cotton yarn exports and allow duty free imports. According to AEPC Chairman Sakthivel, increase in demand coupled with high cotton yarn prices have not only affected the garment sector, but also other sectors like handloom, power-loom, made-ups for domestic as well as export markets. Further, added that high cotton yarn prices have adversely impacted the selling prices of cotton fabric in domestic market resulting into inequilibrium in the whole textiles chain.
As a result of high cotton yarn prices, a lot of power-looms are also getting affected, leading to job losses. While cotton prices rose over 5 percent in the last two months, yarn prices have increased about 20 percent in the same period.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: