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Expectations mixed for South Indian cotton yarn; partial trading noted

05 Nov '24
4 min read
Expectations mixed for South Indian cotton yarn; partial trading noted
Expectations mixed for South Indian cotton yarn; partial trading noted

Insights

  • After the Diwali holidays, traders in south India have mixed expectations for cotton yarn prices.
  • While Mumbai saw negligible trade today, partial activity was noted in Tiruppur without significant price movement.
  • Market experts say cotton yarn demand depends on global market conditions and cotton arrivals, which could pressure prices if the Cotton Corporation of India delays procurement.

According to market experts, cotton yarn demand will be influenced by the broader global market situation. Another factor to consider is cotton arrivals, which may increase in the coming days and could exert downward pressure on prices if the Cotton Corporation of India (CCI) does not commence procurement immediately.

In Mumbai, the market was nearly inactive, with only direct transactions between buyers and sellers taking place. Traders indicated that cotton yarn demand could improve once normal trading resumes in the next two to three days. Buyers will need to purchase cotton yarn for the production of summer garments, but seasonal demand has already been delayed due to buyer hesitancy.

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