Gujarat’s textile industry has recently seen better orders as a result of cotton prices declining from their peak. On the other hand, orders from earlier, when cotton prices were comparatively higher, are having delivery issues.
Some 350 containers of various textile products, such as denim and spinning waste, are reportedly stalled in various nations because purchasers are looking for deals as cotton prices have decreased, say sources.
Buyer payment difficulties are another factor contributing to the stalled shipments. When India’s new cotton season began in October, cotton prices were about Rs 60,000 per candy (356 kg), but they have since stabilised at about Rs 55,000 per candy. Since December, price stability has increased orders both from the domestic and foreign markets, increasing the Gujarat’s spinning mill capacity to almost 80%.
An office-bearer of the Spinners’ Association Gujarat (SAG) said, “Different kinds of spinning wastes are used in some countries for denim, carpet and terry towels. Around 250 containers of such waste from India including around 100-150 from Gujarat, have reached different countries but buyers are not taking delivery due to various reasons. Containers going to Vietnam have been facing major issues in the last few months.”
