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South Indian cotton yarn prices stable with optimism for future demand

24 May '24
3 min read
South Indian cotton yarn prices stable with optimism for future demand
South Indian cotton yarn prices stable with optimism for future demand

Insights

  • Cotton yarn prices remain stable in south Indian markets, with optimism for increased demand in the coming weeks due to a recent rise in ICE cotton prices.
  • Spinning mills have reduced discounts, slightly raising mill rates.
  • Labour shortages are expected to ease in mid-**** as workers return post-elections, potentially boosting production.

Cotton yarn was traded at previous prices in Mumbai. Overall demand from the consumer industry and traders was limited. A trader from Mumbai told Fibre2Fashion, "The market noted thin trade due to labour shortage. Workers will be coming back after the first week of next month. Production activities will improve in mid-June. Seasonal changes in production patterns will also be visible. The garment industry will focus more on apparel for the festival season.”

In Mumbai, ** carded yarn of warp and weft varieties were sold at &#****;*,***-*,*** (approximately $**.**-$**.**) and &#****;*,***-*,*** per * kg (approximately $**.**-$**.**) (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, ** carded weft at &#****;*,***-*,*** (approximately $**.**-$**.**) per *.* kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, and **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, according to trade sources.

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