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Delayed festival season worrisome for south India's cotton yarn market

In Mumbai and Tiruppur, cotton yarn prices have remained stable, despite concerns of a delayed start to the festival season due to the additional Hindu month, Adhikmas. This delay is projected to postpone the uptick in domestic demand, normally seen in July, to late August. 

The Indian textile industry, reliant on domestic demand due to slower export orders, is closely watching the extended Shravan month, which will continue till end of August instead of its usual end in the first half of August. “Purchases in the yarn trade should have increased in July. However, we anticipate any improvement to occur only by the end of this month. The retail demand for end products is expected to rise in September,” a trader from Mumbai told Fibre2Fashion.