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Summer demand brings optimism to south India's cotton yarn market

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

Insights

  • In south India, cotton yarn prices remained stable, driven by average demand and increased interest in fine counts.
  • Mumbai and Tiruppur showed cautious optimism, despite slow exports.
  • Gujarat saw steady cotton prices, influenced by moderate purchasing by spinning mills and potential government procurement, amidst concerns about future cotton quality.

*.*pt"> Cotton yarn prices in south India did not experience significant movement, with only average demand coming from the downstream industry. However, there was a slightly higher demand for fine counts of cotton yarn, as seasonal demand improved in the south Indian market. Trade sources indicated that export demand was not very encouraging, contributing to the stability of cotton yarn prices in the Mumbai and Tiruppur markets. Nevertheless, the increased summer demand from the south Indian market offered a glimmer of hope for the cotton yarn market 

*.*pt"> The Mumbai market experienced stability in cotton yarn prices. However, there was an increased demand for fine counts of cotton yarn, as the southern states of the country witnessed higher demand for Dhoti, Lungi, and other cotton garments. A trader from Mumbai, speaking to Fibre2Fashion, stated, “Although cotton yarn prices did not rise due to average demand from the downstream industry, the south Indian market shows good demand for cotton yarn of ** counts and above. 

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