Tamil Nadu OE spinning mills threaten 50% output cut over surging cotton waste prices
Over 250 open-end spinning mills across Karur, Somanur, Palladam, Avinashi and Erode plan a 50% production cut next week, citing cotton waste at ₹195/kg versus ₹172/kg viable level. Move risks yarn supply squeeze for apparel and home textile makers serving domestic and export markets.
Over 250 Tamil Nadu OE spinning mills threaten 50% production cut next week over high cotton waste prices, impacting yarn supply to apparel and home textile makers serving price-sensitive domestic and export markets.
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