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Payment rule impact south India's cotton yarn market, prices stable

19 Mar '24
3 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In south India, the cotton yarn market is experiencing a downturn in demand due to concerns over payment rules, affecting buyers' willingness to engage.
  • Despite this, prices in Tiruppur and Mumbai remain stable.
  • The new payment regulations are causing anxiety among fabric manufacturers, handlooms and stockists.
  • Improvement is anticipated in the coming month.

In the Tiruppur market, a bearish sentiment prevails in the cotton yarn trade, yet prices are steady. A Tiruppur market trader told Fibre2Fashion, "The market hasn&#**;t seen summer demand yet. The new payment rule is a major concern for the consumer industry and stockists. Some mills are trying to attract buyers with additional discounts."

Cotton yarn prices in the Tiruppur market are as follows: ** count combed cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, ** count combed cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, ** count combed cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, ** count carded cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, ** count carded cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, and ** count carded cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, as per *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.

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