COTTON PRICE | Market Reports


Published: April 20, 2022

Creation of customary Tamil Nadu sarees at Sankarankoil has endured a shot after the power loom weavers started a 12-day strike on April 18. The weavers are fighting the expansion in cotton yarn costs. Tamil Nadu Master Weavers Association and Textile Weavers Association that is initiating the strike said that they have pursued a few times to both the Union government and state government against the rising costs.

Secretary of Master Weavers Association, TSA Subramanian told IANS: “The cost of a yarn pack weighing 4.75 kg has been expanded from Rs 1,455 in April 2020 to Rs 2,385 in April 2022 and we confronted a 64 percent cost climb in a brief period. Indeed, even after the Union government has marked down the duty by 11% for imported cotton, the yarn costs continue to increment. The hoarders are keeping an immense supply of yarn prompting its expansion in costs.”

He additionally expressed that there were 30 lakh families who are subject to 6 lakh power nut case units in Tamil Nadu and said that the strike at Sankarankoil was just a symbolic strike and that all the customary saree creation in the state would come to a crushing stop in the event that the public authority doesn’t act in a dire way.

Subramanian expressed that in Sankarankoil alone there are 4,000 power loom units and 20,000 families are reliant upon these units. He said that the weavers of Sankarankoil are paying a month to month GST of Rs 1 crore on creation and a measure of Rs 50 lakh is paid as GST for buying cotton hank yarn worth Rs 10 crore.

The weavers affiliation pioneer additionally said that a measure of around Rs 150 crore is paid a month by the power loom weavers of Tamil Nadu on creation and around Rs 75 crore on the acquisition of yarn. He likewise said that Chief Minister MK Stalin should promptly intercede regarding this situation and draw out an answer, and call upon tough activity against the merchants who are accumulating up the cotton yarn. It is to be noticed that a power loom creates at least one saree daily not at all like in handloom where a weaver requires at least fifteen days to deliver a saree. A sum of 4,000 power looms closing down implies the development of at least 4,000 sarees is impacted and these Sankarankoilsarees range from Rs 800 to Rs 3,500.

Weavers are additionally stressed that the deficiency of creation of sarees would prompt the market moving base and consequently the winding around local area of Sankarankoil believes the public authority should intercede and diminish the cotton yarn costs and accordingly restart the creation in power looms.

R Girijabhai, a weaver at Sankarankoil told IANS: “This strike was constrained on us by the state and focal legislatures. Indeed, even after rehashed requests, they have not mediated in our matter. On the off chance that the cotton yarn costs are soaring consistently even after the import obligation of cotton is diminished by 11%, it implies there is an off-base thing on the lookout. Market influences are playing with the existences of unfortunate power loom weavers and we can’t permit to be tricked. Government should make a rigid move against the hoarders and furthermore do whatever it takes to cut down the cotton yarn costs on a conflict balance.” She said that the Chief Minister and the state material clergyman Gandhi do whatever it may take and settle the quandary.

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