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Reduce yarn prices further - TEA tells spinners
24 Apr '10
1 min read
The Southern India Mills' Association & their members have decided to reduce the cotton yarn prices for all counts by Rs.5/- per Kg. ll counts by Rs.5/- per Kg.
While welcoming the decision of SIMA members, Shri.A.Sakthivel, President said as the level of hike in yarn prices has been high, the reduction of Rs.5/- per Kg. is insufficient and therefore, he has appealed to SIMA to advise their members for a reduction of additionally Rs.5/- per Kg., (totally Rs.10/- per Kg.) in the best interest of whole textile industry and also have win-win situation in the business.
In line with this, Shri.Sakthivel has also requested TASMA, Dindigul to advise their members to reduce the yarn prices by Rs.10/- per Kg. for all counts after considering the long business relations being maintained among the sectors.
Shri.Sakthivel hoped his appeal would be considered by both SIMA and TASMA.
While welcoming the decision of SIMA members, Shri.A.Sakthivel, President said as the level of hike in yarn prices has been high, the reduction of Rs.5/- per Kg. is insufficient and therefore, he has appealed to SIMA to advise their members for a reduction of additionally Rs.5/- per Kg., (totally Rs.10/- per Kg.) in the best interest of whole textile industry and also have win-win situation in the business.
In line with this, Shri.Sakthivel has also requested TASMA, Dindigul to advise their members to reduce the yarn prices by Rs.10/- per Kg. for all counts after considering the long business relations being maintained among the sectors.
Shri.Sakthivel hoped his appeal would be considered by both SIMA and TASMA.
Tirupur Exporters' Association
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