Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

ITF’s online survey benefits Indian mill owners

Indian Texpreneurs’ Federation (ITF) has worked on a method to understand yarn price movements, demand trends and stock piling at mills. It was done with an online survey conducted for several weeks for three yarn markets of Tirupur (hosiery yarn), Ichalkaranji and Bhiwandi (polyester cotton and polyester ciscose yarn) and the outcome was then shared with the group members.

ITF says that this survey along with ‘Yarn Strategy Meet’ organised every month has helped the mills understand the market better. The Federation would now try to implement the similar method to understand the raw material price trends.

The Federation had selected 80 mills operating in polyester and polyester yarn with a capacity of 20-lakh spindles for the pilot project that provided them a mobile app. The app let the mills update the last-sold price of their yarn, stock position and related market data. The survey was conducted periodically in a month to arrive at a standard price list of yarn from Tamil Nadu mills.

The application while protecting the identity of the mill entering the data about prices and stock, provides pure statistics such as average yarn selling price over the last week and average stock positions.

www.texpreneurs.com

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo