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South India cotton yarn prices tumble amid geopolitical tensions

16 Apr '24
3 min read
South India cotton yarn prices tumble amid geopolitical tensions
South India cotton yarn prices tumble amid geopolitical tensions

Insights

  • Cotton yarn prices are falling in south India due to global market uncertainties stemming from the Iran-Israel conflict.
  • Despite a surge in India's textile exports, buyers are holding back, expecting further price declines.
  • In Gujarat, cotton prices also dropped, influenced by slow demand and fluctuating ICE cotton rates.
  • Overall, market sentiment is bearish.

In the Mumbai market, prices fell by &#****;*-* per kg across various counts and varieties of cotton yarn. A trader informed Fibre2Fashion, "The market did not receive any positive signals from buyers. They avoided new purchases, anticipating further reductions in cotton yarn prices. Fabric manufacturers preferred to wait and see how the geopolitical situation would evolve."

In Mumbai, **-carded yarn of warp and weft varieties were sold at &#****;*,***-*,*** (approximately $**.**-$**.**) and &#****;*,***-*,*** per * kg (approximately $**.**-$**.**) (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **-carded weft at &#****;*,***-*,*** (approximately $**.**-$**.**) per *.* kg, **/**-carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/**-carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, and **/**-carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.

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