250 Tamil Nadu OE Mills Threaten 50% Production Cut Over Cotton Waste Pricing
More than 250 grey yarn manufacturing open-end (OE) spinning mills across Tamil Nadu have warned that they may cut production by 50% from next week if cotton waste prices are not reduced further, according to the Open-End Spinning Mills Association (OSMA). The association pointed out that after the Centre removed the 11 % import duty on cotton on 31 May, cotton prices fell from about Rs 195 per...
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