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South Indian cotton yarn market sees limited trade, buyers stay away

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

Insights

  • South India cotton yarn market saw limited trading due to the fiscal end and concerns about a new payment regulation.
  • Market sentiment was negatively impacted, with stable prices in Tiruppur and Mumbai but a bearish trend overall.
  • In Gujarat, cotton prices dropped, influenced by global trends and local production estimates, affecting buying behaviour.

In Tiruppur, demand was sluggish, yet prices remained consistent. A trader from the Tiruppur market shared with Fibre2Fashion, "Typically, buyers are inactive in the last fortnight of a fiscal. However, they usually purchase cotton yarn for their short-term requirements. This year, the new payment regulation also negatively affected market sentiment. Had the government introduced the payment rule gradually, the market demand for cotton yarn would have been better during this period."

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

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