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‘Restrict cotton yarn exports'

Staff Reporter

Tirupur: The Tirupur Exporters Association (TEA) has requested the Union Government to restrict the cotton yarn exports in 2011-12 to 600 million kg with monthly calibration on export quantity mentioned.

“This will help avoid abnormal spurt in the yarn prices in the domestic market,” TEA president A. Sakthivel said.

The Association had also reiterated the need to put caps on yarn exports for the various ‘counts of yarn' produced in the country.

Yarn counts

“We have mentioned in the representations to the Union Commerce Minister, Anand Sharma, and the Union Textiles Minister, Dayanidhi Maran, that there should not be any exports in the yarn counts ranging from 1s to 40s as far as possible. If it is unavoidable, only 20 per cent of the presently decided quantity should be permitted in that range,” Mr.Sakthivel said.

Substantiating the stance on export caps, he said that lack of any caps would have a cascading impact on the raw material prices in downstream sectors such as knitwear industry, which, in turn, would give advantage to the apparel players in the competitive countries in the price-driven global market.

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