South Indian markets have experienced a subdued demand alongside stable cotton yarn prices. Both Mumbai and Tiruppur have observed minimal fluctuations in cotton yarn prices. The sector finds itself under dual pressures, with robust fibre prices contrasting with sluggish demand from the weaving industry.
Additionally, buyers are adopting a cautious stance due to their inability to meet payment obligations to micro and small enterprise suppliers, as mandated under the new payment rule. Traders express concerns that without government intervention, business activities could further decelerate in the remaining ** days leading up to March ****.
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