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South Indian cotton yarn prices steady amid market optimism

The Tiruppur market remained steady in terms of cotton yarn prices, but demand was not too weak. A trader from the Tiruppur market told Fibre2Fashion, "Rising ICE cotton prices and slightly better garment export orders, following unrest in Bangladesh, will encourage buying. Mills are holding their stocks in anticipation of higher prices in the coming weeks. The Fed rate cut will also boost economic activities in the US and globally, which may lead to more purchases from global brands and retailers."

In Tiruppur, knitting cotton yarn prices were noted as ** count combed cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg (excluding GST), ** count combed cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, ** count combed cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, ** count carded cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, ** count carded cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg and ** count carded cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg.