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Stable cotton yarn prices in south India; Tiruppur expects price rise

*.*pt"> Although cotton yarn prices were stable in the south Indian market, there was optimism for a slight improvement. The Tiruppur and Mumbai markets witnessed average demand and a steady trend in prices. Traders from Tiruppur expected a limited price rise at the beginning of the next month. Mills had already reduced discounts on cotton yarn as they were not under severe stress to sell. However, the Mumbai market also showed stability in cotton yarn prices amid average buying. 

*.*pt"> “Cotton yarn prices did not see significant movement as demand may not see an immediate spurt. Power looms were running at normal capacity, but they are facing a shortage of new orders. Summer garment demand has yet to pick up in the market,” a trader from Mumbai told Fibre2Fashion.