TASMA Requests CCI Not to Provide Traders with Cotton
The Tamil Nadu Spinning Mills Association (TASMA) has appealed to the Cotton Corporation of India (CCI) to avoid selling unsold cotton stocks to traders. In a letter to CCI, TASMA President A.P. Appukutti highlighted the recent positive revival in the spinning sector due to the influx of garment orders. "Spinning mills are experiencing a resurgence, and their normal activities are picking up again. This resurgence means they will require more cotton," Appukutti stated.
Appukutti emphasized the importance of CCI retaining its cotton stocks, expressing confidence that TASMA members will lift the stocks by the end of August. He warned that selling cotton to traders could lead to a cascading effect on the value chain. Traders, driven by profit motives, might escalate costs, which would adversely affect the spinning mills.
By ensuring that the cotton stocks remain with CCI and are available to the mills, TASMA believes it can prevent a raw material shortage. This approach is seen as essential for maintaining the steady supply needed to support the ongoing revival in the spinning sector. The association's request underscores the need for strategic management of cotton stocks to safeguard the interests of the spinning mills and ensure the stability of the textile industry.
