Tirupur Hit by Sharp Yarn Price Surge
The knitwear hub of India, Tirupur, is battling the constant rise in yarn prices. The prices for yarn knitwear production have increased by Rs 7 (US $0.073) across all varieties this month, taking the total increase to Rs 41 (US $0.43) over the past five months. The Centre’s 11% import duty waiver on cotton between August and December last year kept prices stable, however, with the...
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