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Stable trend in south India's cotton yarn market amid Holi festivity

03 Mar '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • The cotton yarn market in south India remained steady due to the approaching Holi festival and resulting leaves of factory workers. According to traders, the absence of labour and financial closing in March slowed down production activities. Domestic demand was weaker compared to export demand, but prices remained stable in Mumbai and Tiruppur.

In Mumbai, the market experienced weaker demand from the downstream industry. However, export buying was slightly better, and cotton yarn prices remained stable. "Workers were going on leave for the Holi festival, and financial closing in March also decreased production activities. Therefore, local demand was slower. However, the prices did not indicate any decline," Jai Kishan, a trader from Mumbai told Fibre2Fashion

In Mumbai, ** count carded cotton yarn of warp and weft varieties were traded at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (GST extra), respectively. According to Fibre2Fashion&#**;s market insight tool TexPro, ** combed warp was priced at &#****;***-*** per kg. ** carded (weft) cotton yarn was sold at &#****;*,***-*,*** per *.* kg. **/** count carded cotton yarn (warp) was priced at &#****;***-*** per kg. **/** count carded cotton yarn (warp) was sold at &#****;***-*** per kg, and **/** count combed yarn (warp) was priced at &#****;***-*** per kg. 

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