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South Indian cotton yarn prices steady; traders optimistic about rise

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

Insights

  • Despite varying market pressures, the cotton yarn market in south India remained stable, with traders holding on to a sense of optimism fuelled by potential ICE cotton increases.
  • Stability was observed in Tiruppur and Mumbai, with prices sustained at previous levels and minimal fluctuations expected until Diwali.
  • Gujarat saw a spike in cotton prices.

The Tiruppur market maintained a stable trend in cotton yarn prices due to a decrease in demand from the weaving industry. A local trader told Fibre2Fashion, “The market exhibited a bearish sentiment due to the silence from buyers. Although costlier cotton should have driven up yarn prices, the demand did not support this theory. If ICE cotton continues to rise, it may attract yarn importers from several countries. India also remains one of the major raw material suppliers for the global garment industry.” 

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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