Ludhiana: Relieved though at the sight of easing lockdowns in the other states and hopeful that goods will start moving, the garment and textile producers have a new worry in the fluctuating rates of yarn, their biggest raw material. They claim that the hike is artificial.
The manufacturers look to the state and central governments for help in increasing production. Sharing his concerns with the media, Bharatiya Vyapar Mandal senior vice-president Radhe Shyam Ahuja said: “In the last one year, the price of yarn increased by 64% or more. The cost of each kilogram of acrylic yarn moved from Rs 170 in September 2020 to now Rs 280. PC Yarn which, one of the commonest raw material, went from Rs 150 to Rs 240 in the same interval, while cotton yarn blew up from Rs 250 to Rs 300.”