Business Standard

Cotton yarn mills planning to stop production amid poor demand, Ukraine war

High cotton prices, the Russia-Ukraine war and poor demand from the apparel industry have hit the spinning mills hard

cotton yields

Photo: Bloomberg

Shine JacobVinay Umarji Chennai/Ahmedabad
The rise in cotton prices, poor demand of yarn due to the apparel industry scaling down production, and a growing sto¬ckpile have forced cotton yarn mills across the country to look at ceasing production from Monday, say industry sources.

Cotton prices have increased by over 60 per cent in August compared to the same period last year. And the apparel industry has been hit hard by the dip in exports due to the Russia-Ukraine war and the slow demand owing to the lingering effects of the Covid-19 pandemic.

The Tamil Nadu Spinning Mills Association (Tasma) has already urged its members to stop

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 21 2022 | 5:36 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to