Home / Knowledge / News / Textiles / Mills to keep yarn prices at same rate till this month
Mills to keep yarn prices at same rate till this month
10
Sep '10
In a press release issued, Shri.A.Sakthivel, President of Tirupur Exporters' Association has informed that a meeting was organized on 8th September 2010 in Tirupur with Shri.Thulasidharan and Shri.T.Rajkumar, Chairman & Vice Chairman of Southern India Mills' Association (SIMA), Coimbatre to discuss the increasing of cotton prices, spurting up of yarn prices and aftermath effect on knitwear exports and in the meeting, along with Shri.A.Sakthivel, Shri.S.Duraiswamy TEA Vice President and Shri.Premal Udani, Chairman, AEPC participated.

Shri.Sakthivel said SIMA has agreed to advise their members to maintain the existing level of the yarn prices till the end of this month, after having a discussion on the concerned issues. Shri.Sakthivel added Shri.P.Appukutty, President, TASMA, has also promised to extend the co-operation of TASMA and would be advising TASMA members to keep the yarn prices at the same rate till the end of this month.

The prevailing yarn rates are [Rs. 163/- (20s Count), Rs.171/- (24s Count), Rs.183/- (30s Count), Rs.190/- (34s Count), Rs.197/- (40s Count)]. Shri.Sakthivel has also advised the members to explain about the understanding reached with the respective textile Associations for supplying of yarn at the above mentioned rates, in case if the mills ask for higher rates than the prevailing rates mentioned above.

Shri.Sakthivel mentioned due to intervention of our Hon'ble Union Minister of Textiles, Thiru.Dayanidhi Maran, a group of Ministers meeting has been scheduled on 14th / 15th September 2010 to analyze the stock of the situation and he expect that some crucial decisions will be taken for softening of the cotton prices in the domestic market. He wished that such decision will also be ultimately helpful for controlling of the increasing of yarn prices.

Finally, Shri.Sakthivel said the course of action plan taken earlier is being postponed till the announcement of outcome of the group of Ministers meeting scheduled on 14th / 15th September 2010.

Tirupur Exporters' Association


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search