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Cotton yarn prices remain stable in South India, average demand noted

Cotton yarn prices were stable in Mumbai and Tiruppur markets of South India. The demand from weaving industry was average, which brought stability in yarn prices. Traders said that the current cotton prices were higher due to global factors, but spinning mills were unable to raise yarn prices as demand was not supportive enough. However, they have stopped discount or reduced it to meet their increasing cost of production. The market was hopeful for rise in yarn prices after couple of days.

In Mumbai, cotton yarn prices steadied at previous levels. The market witnessed weaker demand from the spinning industry. A trader from Mumbai market told Fibre2Fashion, “There was better demand of cotton yarn in the last week, which drove the prices to higher side. But the demand softened in the opening of this week. The market was hopeful for improvement in buying from downstream industry.”