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South India cotton yarn prices stable on slower demand

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

Insights

  • Cotton yarn prices remain stable in South India, despite attempts by spinners and stockists to raise them, with weak demand from the weaving and garment industries preventing increases.
  • Cotton prices dipped owing to a fall in ICE cotton rates and subdued domestic market sentiment, further exacerbated by recent holidays in Gujarat, dampening the mood further.

Tiruppur market noted stability in cotton yarn prices. The prices were hovering at previous level after a rise of &#****;*-* per kg in the beginning of this week. A trader from Tiruppur told Fibre2Fashion, “The market was waiting for improvement in trade sentiments. After the recent rise in prices, demand did not improve. Millers and stockists could not increase prices further because of slower demand. So, the prices will gain only when the demand from garment industry picks up.”

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 *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.

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