Textile exporters have requested Commerce Minister Piyush Goyal to control the export of cotton yarn to curb rising prices and maintain industry competitiveness.
A.
Shaktivel, Chairman of the Apparel Export Promotion Council (AEPC), wrote a letter to Commerce Minister Piyush Goyal stating that the prices of raw cotton and cotton yarn are continuously rising due to supply-related issues. He mentioned that due to limited stock of cotton at ginning mills and a decrease in arrivals, textile mills are increasingly relying on auctions by the Cotton Corporation of India (CCI). Shaktivel noted that a large quantity of cotton has moved from farmers to traders, leading to hoarding and speculation in the market.
He stated, 'AEPC has urged for appropriate measures to control the export of cotton yarn, especially yarn of 20 count and above, in light of the sharp increase in yarn prices and the growing pressure on India's textile export industry.' Shaktivel mentioned that cotton yarn, which was priced at around ₹250 per kilogram at the beginning of 2026, has now risen to about ₹400 per kilogram, marking an increase of approximately 60%. This has increased pressure on the entire textile manufacturing chain.
He added that rising costs of other raw materials and fuel have further exacerbated the situation. The letter also mentioned the increasing exports of cotton and cotton yarn from India to textile-producing countries like Bangladesh and Vietnam.
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