By admin       2016-07-16

The South India Spinners Association has appealed to the Central Government to ask Cotton Corporation of India to sell cotton only to textile mills directly.President of the association C. Varadarajan and its secretary K. Rangarajan met the Union Textile Minister Smrithi Irani and officials in New Delhi on Thursday.According to a press release from the association, cotton prices have shot up to Rs. 50,000 a candy from Rs. 35,000 in April this year.Textile mills have no option but to increase yarn prices and are unable to sell yarn. Many mills have stocks and have reduced production or brought down the number of shifts. They said that the main reason for the spiralling prices was CCI selling cotton to multi national companies and large buyers.The CCI should sell cotton only to the domestic textile mills so that prices come down, they said.

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