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Cotton yarn demand better in south India, prices further up in Mumbai

04 Apr '23

2 min read

Pic: Shutterstock.com

Insights

South India's cotton yarn trade sees higher demand in the first week of fiscal 2023-24, with prices increasing by ₹*-* per kg in Mumbai, while remaining stable in Tiruppur.
Export demand, recent cotton price increases, and summer season's regional demand contribute to market activity.
All India cotton arrival is estimated at around * lakh bales.

Mumbai&#**;s cotton yarn market recorded higher prices amid stronger demand. Cotton yarn prices were ruling higher by &#****;*-* per kg as traders and stockists tried to take advantage of the current positive tone. A trader from Mumbai told Fibre2Fashion, "The market pipelines are expanding as buyers were taking interest in purchasing for longer times. The market was getting support from export demand as well. The recent increase in cotton prices also encouraged buyers from the downstream industry."

In Mumbai, ** count carded cotton yarn of warp and weft varieties were traded at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (GST extra) respectively; ** combed warp was priced at &#****;***-*** per kg; ** carded (weft) cotton yarn was sold at &#****;*,***-*,*** per *.* kg; **/** count carded cotton yarn (warp) was priced at &#****;***-*** per kg; **/** count carded cotton yarn (warp) was sold at &#****;***-*** per kg; and **/** count combed yarn (warp) was priced at &#****;***-*** per kg, according to Fibre2Fashion&#**;s market insight tool TexPro.