Related Keywords: abnormal volatility, Centres intervention, check soaring prices of cotton, Cotton Spinning Mills, farmers nor consumers benefited due to rise, Indian Texpreneurs Federation, ITF, medium staple cotton, preventive measures, textile sector body, unbearable loss to the industry
Indian Texpreneurs Federation (ITF) a textile sector body urged for Centre's intervention to check the soaring prices of cotton in the last two months which has resulted in unbearable loss to the industry.
In a letter to Union Textiles Minister Santosh Kumar Gangwar, Indian Texpreneurs Federation (ITF) Secretary Prabhu Dhamodharan said that the per candy rate, which was Rs 35,000 two months ago, had skyrocketed to Rs 41,000 for medium staple cotton but neither the farmers nor consumers benefited due to the rise.
