AEPC urges mill owners to cut yarn prices by Rs 20, Retail News, ET Retail

AEPC urges mill owners to cut yarn prices by Rs 20The Clothing Export Advertising Council (AEPC) on Wednesday urged cotton mill house owners to lower yarn charges by Rs twenty for every kg to assistance the advancement of the sector as growing costs impact value competitiveness. AEPC Chairman A Sakthivel’s request will come in the wake of Cotton Corporation of India (CCI) decreasing cotton charges by all over Rs one,five hundred for every sweet previously on Monday.

“I am requesting all the mill house owners to convey down the yarn cost by Rs twenty for every kg with fast impact,” Sakthivel stated in his in his letter to Confederation of Indian Textile Field (CITI) Chairman T Rajkumar. In the previous two months, cotton charges have occur down by Rs two,five hundred for every sweet, he stated.

Sakthivel has requested all the mill owners’ associations to lower the yarn cost for guarding the apparel export sector. “Cotton yarn charges have regularly greater in the previous 4 months,” he added.

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