Mohsen al-Jilani, Chairman of Holding Company for Spinning and Weaving, has announced that his company has decided to cut the yarn prices for domestic market by LE4, i.e. from present LE31.5 per kg to LE 27.5 per kg.
The cut in yarn prices has been announced by the country's largest yarn producing firm, as it was finding it difficult to compete with the overseas imports for last few months.
Fibre2fashion News Desk - India
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