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LATEST NEWS UPDATES | As cotton prices skyrocket, textile industry raises concern -Subramani Ra Mancombu

As cotton prices skyrocket, textile industry raises concern -Subramani Ra Mancombu

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published Published on Nov 1, 2021   modified Modified on Nov 1, 2021

-The Hindu Business Line

Seeks CCI intervention to procure the natural fibre; traders point to global trend

The Indian textile industry has begun expressing concern over soaring cotton prices in global and domestic markets, with some even raising fears that the natural fibre is being hoarded.

In a memorandum to Prime Minister Narendra Modi, Southern India Mills Association (SIMA) Chairman Ravi Sam called for steps to stabilise cotton prices, particularly when the country had over 100 lakh bales (170 kg each) of opening stocks this season (October 2021-September 2022). 

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The Hindu Business Line, 1 November, 2021, https://www.thehindubusinessline.com/economy/agri-business/as-cotton-prices-skyrocket-textile-industry-raises-concern/article37279322.ece?fbclid=IwAR1wGQCWbewMYcjyRM0ZzVdwYl6L8S-m8ygyXbLCZwjSLyhDOQUcRTQXZTg


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