Textiles & Apparel #tamil nadu#spinning mills
Tamil Nadu OE Spinning Mills Threaten 50% Production Cut Over High Cotton Waste Prices
The Open-End Spinning Mills Association (OSMA) warns that over 250 grey yarn OE mills in Tamil Nadu will reduce production by 50% next week unless cotton waste prices drop further. Despite a ₹23/kg fall in cotton prices after the Centre removed the 11% import duty on May 31, Comber Noil prices have only been cut by ₹10–15/kg, squeezing mill profitability. The move could disrupt supply to exporters in Karur and powerloom hubs like Somanur and Erode.
Jun 16, 2026 1 source