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Bangladesh unrest hits south India's cotton yarn exports

26 Jul '24
3 min read
Bangladesh unrest hits south India's cotton yarn exports
Bangladesh unrest hits south India's cotton yarn exports

Insights

  • South India's cotton yarn trade slowed due to protests in Bangladesh affecting export demand.
  • Prices dropped by ₹*-* per kg in Mumbai as sellers lowered rates to clear stocks.
  • In Tiruppur, prices remained stable, but demand was slow, leading to significant discounts, which might increase.
  • Cotton exports further declined, and no orders were diverted to India.

The Mumbai market noted a slowdown in cotton yarn prices amid limited buying. The prices eased by &#****;*-* per kg across most counts and varieties. A trader from Mumbai told Fibre2Fashion, "Declining cotton prices and slow demand from the downstream industry forced sellers to reduce prices. Fabric prices are also facing sluggish demand from the garment industry.”

In Mumbai, ** carded yarn of warp and weft varieties were sold at &#****;*,***-*,*** (approximately $**.**-$**.**) and &#****;*,***-*,*** per * kg (approximately $**.**-$**.**) (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, ** carded weft at &#****;*,***-*,*** (approximately $**.**-$**.**) per *.* kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg and **/** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, according to trade sources.

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