Tamil Nadu OE spinning mills threaten 50% output cut over surging cotton waste prices
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.
Read the source at The Hindu BusinessLineThe numbers
Figures in the source 350 mills₹195/kg₹172/kg₹23/kg decline₹10-15/kg11% import duty
Why it matters to operators and investors
Distressed OE spinning capacity in the Karur-Tiruppur belt may surface acquisition or tolling-partnership opportunities if the price-cost gap persists beyond the threatened cut.