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Spinning mills under pressure in south India, carded cotton yarn down

The Tiruppur market has witnessed a declining trend in cotton yarn prices due to poor demand from the weaving industry. Tamil Nadu-based MSME spinning mills are under pressure to sell cotton yarn at lower prices as they require liquidity for their operational needs before Diwali. A trader from Tiruppur told Fibre2Fashion, "Demand from the weaving industry and the export market has remained very weak. Mills have been offering higher discounts to attract buyers, and stockists and traders have also been compelled to reduce prices in the current weak market sentiment." 

The prices of carded cotton yarn came down in the Tiruppur market, but combed cotton yarn stayed at previous levels. The prices were noted as ** count combed cotton yarn at &#****;***-*** per kg (excluding GST), ** count combed cotton yarn at &#****;***-*** per kg, ** count combed cotton yarn at &#****;***-*** per kg, ** count carded cotton yarn at &#****;***-*** per kg, ** count carded cotton yarn at &#****;***-*** per kg and ** count carded cotton yarn at &#****;***-*** per kg , according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.