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Sentiments improve in south Indian cotton yarn trade as demand rises

Insights

• Rising cotton prices have lifted sentiment in south India's yarn trade, with improved demand in Mumbai and Tiruppur.
• Loom activity and reduced worker absenteeism have boosted consumption, while mills cut discounts to protect margins.
• Traders are optimistic about a potential India-US trade deal.
• Cotton prices in Gujarat have surged by *–* per cent, driven by higher CCI auction rates and limited stocks.