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South India's cotton yarn bearish, fabric may get support in Mumbai

21 Mar '23
3 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Cotton yarn prices in South India were stable due to weak demand from downstream industries. Traders and mills preferred to hold onto their stock until mid-April rather than reducing prices. Mumbai's fabric market was expected to receive some support due to a reduction in power loom production. Market sentiments in Tiruppur were also weak.

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