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Cotton yarn prices steady in south India; export enquiries may rise

The Tiruppur market witnessed a steady trend after a rise in cotton yarn prices earlier this week. The market noted weaker demand from the downstream industry. Spinning mills were not intending to cut prices after slow demand as the cost of production increased following a rise in cotton prices. A trader from Tiruppur told Fibre2Fashion, “There was slow demand from the weaving industry. The garment industry was not receiving sufficient orders from domestic and export markets. If exporters are receiving better trade enquiries from foreign buyers, it is a good sign.” Some industry experts suggested higher trade enquiries from foreign buyers for the next summer season. 

Prices in the Tiruppur market were noted as ** count combed cotton yarn &#****;***-*** per kg (excluding GST), ** count combed cotton yarn &#****;***-*** per kg, ** count combed cotton yarn &#****;***-*** per kg, ** count carded cotton yarn &#****;***-*** per kg, ** count carded cotton yarn &#****;***-*** per kg, and ** count carded cotton yarn &#****;***-*** per kg, according to Fibre2Fashion&#**;s market insight tool TexPro.