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South India's cotton yarn prices steady amid slightly improved demand

13 Aug '24
3 min read
South India's cotton yarn prices steady amid slightly improved demand
South India's cotton yarn prices steady amid slightly improved demand

Insights

  • Cotton yarn prices in south India remained stable, with slight improvement in local demand ahead of the festival season, despite concerns over exports to Bangladesh.
  • Both Tiruppur and Mumbai saw steady prices, while Gujarat's cotton prices were largely unaffected by global trends.
  • Traders expect demand to pick up next week.
  • Cotton arrivals were modest.

While cotton yarn prices remained stable amid slightly better demand, the sentiment in south India differed from that in north India. A Mumbai trader told Fibre2Fashion, "Cotton yarn prices held steady due to slightly improved buying from the downstream industry, likely driven by local demand for the festival season. However, the ongoing crisis in Bangladesh continues to be a concern for the yarn market."

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 and **/** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, according to trade sources.

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