Garment exporters face yarn shortage, prices shoot up
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Garment exporters face yarn shortage, prices shoot up
Rajesh Chandramouli / TNN / Dec 24, 2020, 04:00 IST
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Chennai: A combination of factors US ban on Chinese cotton, a sudden surge in orders for garments, additional stocking up, increased exports to Tirupur’s competitors including Vietnam and Bangladesh have resulted in yarn shortage for garments exporters.
The situation is so grim for exporters that Tirupur Exporters Association (TEA) has pressed the SOS button alleging that mills were withholding yarn supplies impacting the export business. “The current decision of mills will certainly impact the garment units, exports will largely be affected and more number of workers will incur job losses,” TEA’s president Raja M Shanmugam wrote in the letter. “After the US imposed a ban on Chinese yarn, garment units from Vietnam and Bangladesh (competitors for Tirupur) have star