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South India cotton yarn steady, optimistic outlook for New Year

27 Dec '24
4 min read
South India cotton yarn steady, optimistic outlook for New Year
South India cotton yarn steady, optimistic outlook for New Year

Insights

  • Cotton yarn prices in South India remained steady, with optimism for higher summer garment demand boosting market sentiment.
  • Mumbai and Tiruppur markets showed stable cotton yarn prices, while Gujarat saw a slight cotton price rise due to reduced ginning activity.
  • The Cotton Corporation of India's MSP purchases influenced market dynamics and ginning viability.

In recent months, several countries, including India, have seen consistent growth in garment exports. Market experts noted that power looms and auto looms are producing fabric in line with the garment industry’s demand. However, they are also experiencing labour shortages in Maharashtra and other states.

Cotton yarn prices have shown no significant movement in Mumbai and Tiruppur.

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