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Demand rises in south India's cotton yarn market, prices up in Mumbai

28 May '24

3 min read

Demand rises in south India's cotton yarn market, prices up in Mumbai

Insights

Recent increases in ICE cotton prices have positively impacted the cotton yarn markets in south India.
Stronger ICE cotton may boost export demand for cotton yarn.
Although cotton prices gained ₹*** per candy recently, they remained steady amid limited buying.
The Tiruppur market also anticipated higher demand as mills adjusted their prices.

Market experts stated that stronger ICE cotton may increase the export demand for cotton yarn. Domestic cotton prices have also risen, but the increase remained limited compared to ICE cotton. Cotton prices gained &#****;*** per candy of *** kg in the last couple of days. Although the prices remained steady on Tuesday amid limited buying.

Cotton yarn traded higher by &#****;* per kg in Mumbai as spinning mills quoted higher prices after the rise in ICE cotton. A trader from Mumbai told Fibre2Fashion, "Cotton yarn demand was not promising from the consumer industry, but stronger cotton boosted the confidence of spinning mills. They expected better export orders after the increase in international cotton prices.”