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Israel-Iran ceasefire eases pressure on south India cotton yarn market

Insights

• South India's cotton yarn market stabilised after the Israel-Iran ceasefire, easing concerns over disrupted exports to the US and Europe.
• Although demand remained muted, traders in Mumbai and Tiruppur expect improvement.
• Prices held steady, but mills are pushing for higher rates.
• Meanwhile, cotton prices rose amid increased buying from private stockists, despite higher offers from CCI.