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Diwali mood in south India cotton yarn market, prices remain steady

10 Nov '23

3 min read

Pic: Adobe Stock

Insights

Diwali festivities led to stable cotton yarn prices in Mumbai and Tiruppur markets, with minimal trading activity.
Buyers are cautious, awaiting clearer market signals. Post-Diwali, increased buying is expected if cotton prices stabilise.
Mumbai and Tiruppur observed steady prices amid low demand, while cotton prices remained steady in Gujarat.

A trader from Mumbai told Fibre2Fashion, “Fabric production in most of the looms has been suspended as workers have gone on a holiday. Loom owners have decided to expand Diwali holiday so the workers will come back after two-three weeks. Therefore, cotton yarn demand is not expected to improve immediately after Diwali.”

In Mumbai, ** carded yarn of warp and weft varieties were sold at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (excluding GST), respectively. Other prices include ** combed warp &#****;***-*** per kg, ** carded weft &#****;*,***-*,*** per *.* kg, **/** carded warp &#****;***-*** per kg, **/** carded warp &#****;***-*** per kg, **/** combed warp &#****;***-*** per kg and **/** carded warp &#****;***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro.