Tamil Nadu Spinning Mills Face Raw Material Price Hikes Amidst Export Demand
2 hours agoBusiness
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1 SourcesCoimbatore district, India
TBNthebalanced.news
Tamil Nadu Spinning Mills Face Raw Material Price Hikes Amidst Export Demand

Open-end spinning mills in Tamil Nadu are facing challenges due to a significant increase in the price of cotton waste, their primary raw material. Despite a decrease in raw cotton prices, cotton waste costs have risen due to increased demand from currency printing, the non-woven textile industry, and exports. Mill owners are also investing in advanced machinery, increasing their need for cotton waste. The industry seeks government regulation on cotton waste exports to ensure domestic supply and stabilize yarn prices.

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