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Cotton yarn stable in south India, domestic demand little to support

18 Apr '23
3 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • South India's cotton yarn trade depends on domestic purchases, with stagnant prices due to insufficient trade inquiries.
  • Export demand may shift to polyester-cotton and polyester for winter clothing production.
  • Mumbai and Tiruppur markets experienced slow buying and weak demand.
  • Market sentiment shifted rapidly, but overall demand remained poor.

Mumbai’s cotton yarn market experienced slow buying as purchasers were cautious. Trade sources reported that the presence of Muslim workers in power looms was currently low due to Ramadan but may improve next week. However, demand from garment units remained unclear. Cotton yarn prices held steady amid limited purchases.  

In Mumbai, ** count carded cotton yarn of warp and weft varieties were traded at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (GST extra) respectively. According to Fibre2Fashion’s market insight tool TexPro, ** combed warp was priced at &#****;***-*** per kg, ** carded (weft) cotton yarn was sold at &#****;*,***-*,*** per *.* kg, **/** count carded cotton yarn (warp) was priced at &#****;***-*** per kg, **/** count carded cotton yarn (warp) was sold at &#****;***-*** per kg and **/** count combed yarn (warp) was priced at &#****;***-*** per kg. 

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