Increasing Cotton Rates Concern Small Spinners

Coimbatore: The South India Small Spinners Association (Sisspa) has said the Cotton Corporation of India (CCI) decision to increase cotton prices will only encourage the private trade to further jack up their rates which will disturb the small textile mills raw material planning. CCI had in the past 10 days jacked up its rates by Rs 1,000 per candy (of 356.65 kg) and this had made the CCI's prices far higher than prevailing ones.