India Cotton Mill Agrees To Reduce Cotton Yarn Price

2010/10/11 13:07:00 42

India textile department

In October 8, 2010, all stakeholders of the Ministry of textiles were invited to participate in the joint meetings, including from cotton to clothing, cotton traders, yarn manufacturers, fabric manufacturers, Handlooms, power looms, finished products and woven fabrics.

Knitted garment

Manufacturers discuss the current price situation of cotton and yarns.

This is the first time that the textile industry has participated in the joint conference and reached an understanding on the price issue.

The Minister of textile has made it clear that once the number of registered cotton export contracts reaches 5 million 500 thousand packages, the export registration will cease immediately and no more cotton will be exported.

The Minister of textiles urged all sectors to do their jobs well.

Textile minister marang explains that the central government will take measures to protect the textile industry. He requires all trades to be different.

Textile industry

Achieve mutual understanding of common interests.

Finally, the Minister of textiles reminded cotton traders to make maximum efforts to reduce cotton prices.

After discussion, the meeting decided to reduce the price of all cotton yarn. The price of 40s Combed Knitting yarn will be reduced to 195 rupees / kg. The price reduction ratio will also apply to yarn of other yarns. The meeting also decided that the same yarn price would last for 3 months, even if the price of cotton fell from the current price level.