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South Indian cotton yarn prices steady, hopes pinned on summer demand

29 Dec '23
3 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • The south Indian cotton yarn trade experienced weak sentiment and slow demand in late 2023, with price stability in Mumbai and Tiruppur.
  • Despite a sluggish year, an uptick in demand is expected post-Makar Sankranti ****.
  • Cotton prices stabilised after a surge in Gujarat, while the industry anticipates a potential increase in summer garment production.

The Mumbai market witnessed a steady trend in cotton yarn prices. The market noted slow demand from the weaving industry. Most power looms faced poor uplift of cotton fabric from the garment industry. A trader from Mumbai told Fibre2Fashion, “The current year passed with slow demand from the entire world. The prices remained steady amid slow buying. However, the market is expecting improvement in the coming year as summer demand will increase according to the seasonal trend.” 

In Mumbai, ** carded yarn of warp and weft varieties was sold at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** per kg, ** carded weft at &#****;*,***-*,*** per *.* kg, **/** carded warp at &#****;***-*** per kg, **/** carded warp at &#****;***-*** per kg, **/** combed warp at &#****;***-*** and **/** carded warp 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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