Textile mills hike yarn prices as cotton shoots up

COIMBATORE: Yarn prices, hovering around their peaks, were still not able to keep pace with the rising cotton prices. Textile mills in the Coimbatore region have hiked yarn prices by Rs 15 per kg - second hike in February. "Even the latest increase (in yarn rates) is not matching the hike in cotton prices," said P Nataraj, managing director of KPR Mill. That's because cotton prices have jumped

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