Source: The Hindu Businessline
Our Bureau | Chennai |
March 22, 2021
The Apparel Export Promotion Council (AEPC) on Monday urged cotton mill owners to cut yarn prices by Rs.20 per kg following reduction in cotton prices by about Rs.2,500 per candy in the last two months.
“I am requesting all the mill owners to bring down the yarn price by Rs.20 per kg with immediate effect,” said A Sakthivel, Chairman, AEPC, in a statement.
AEPC’s request comes soon after Cotton Corporation of India reduced cotton prices by around Rs.1,500 per candy earlier on Monday.
“I bring to your kind notice that in the last two months cotton prices have come down by Rs.2,500 per candy including today’s reduction,” Sakthivel said in his letter. (Source: The Hindu Businessline)