Cotton mill consumption pegged at 2.1 mn bales

Mill consumption this year has been on a decline and is pegged at 2.1 million bales (1 bale= 170 kg) compared to 2.4 million bales last year, according to the ministry of textiles estimates. “Demand has been week since April last year, production of yarn and fabric has seen negative growth, while cloth has also seen a four to five per cent reduction. But in the last four to five months consumption has been improving,” said A B Joshi, textile secretary. The situation at textile mills have been bad also due to power problems, some mills have been forced to buy power at a rate which is as high asRs 11 per unit.