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Festivals improve sentiments in south India's cotton yarn market

05 Sep '23
3 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • South India's Tiruppur market has seen a surge in cotton yarn prices, spurred by spinning mills and increased cotton costs.
  • Meanwhile, Mumbai's market remains stable, despite a boost in demand in anticipation of the upcoming Ganesh Chaturthi festival.
  • Traders forecast gains in cotton yarn prices due to modestly increased demand over the next few weeks.

The Tiruppur market observed an upward trend in cotton yarn prices, with gains of &#****;*-* per kg following hikes by spinning mills. Increased cotton costs also supported the yarn prices. A trader from Tiruppur told Fibre2Fashion, "Mills have not only raised yarn prices but also reduced production. As a result, discounts over mill rates have declined, as buyers are entering into fresh deals. The recent rise in the natural fibre has also set the stage for an increase in cotton yarn prices." 

Prices in the Tiruppur market were noted as ** count combed cotton yarn at &#****;***-*** per kg (excluding GST), ** count combed cotton yarn at &#****;***-*** per kg, ** count combed cotton yarn at &#****;***-*** per kg, ** count carded cotton yarn at &#****;***-*** per kg, ** count carded cotton yarn at &#****;***-*** per kg and ** count carded cotton yarn at &#****;***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro. 

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