By Our Staff Reporter
MUMBAI, JAN. 10
The steep hiking in organic cotton yarn prices in recent months has totally impacted the organic garment exporting units and these units are no way in a position to absorb the price hike happened to the tune of 30%. It is apparently clear that they could not continue to export organic garments with the same price to niche markets, according to the Tirupur Exporters’ Association (TEA).
Therefore, Raja. M. Shanmugham, President, TEA has appealed to the buyers to understand a plethora of real issues being faced by the garment suppliers and would act as a crisis killer at this moment for our members to come out of the woods He also mentioned that a requisition has been already made to Textile Mills Associations, SIMA, Coimbatore, TASMA, Dindigul and ITF, Coimbatore for continuous supply of yarn and they have also assured to advice their members for supplying of yarn. (Source: Tecoya Trend)