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South Indian cotton yarn bearish, Bangladesh export concerns ease

15 Oct '24

4 min read

South Indian cotton yarn bearish, Bangladesh export concerns ease

Insights

South India's cotton yarn trade continued to face a bearish trend, with prices dropping ₹* per kg in Mumbai due to slow buying by power loom owners.
While the Tiruppur market remained stable, demand is expected to improve after Diwali but prices are unlikely to rise.
Exports to Bangladesh have resumed cautiously, boosting market confidence.
Cotton prices in Gujarat were stable.

The Mumbai market witnessed a slight fall in cotton yarn prices, with mills and traders offering lower prices to attract buyers. Cotton yarn prices eased by &#****;* per kg. A trader from the Mumbai market told Fibre2Fashion, "Buyers are not in a hurry to purchase cotton yarn. They are only interested if they can get lower prices. Power loom owners have reduced fabric production due to uncertainty in demand from the garment industry. There is little hope for an improvement in demand before Diwali."

In Mumbai, ** carded yarn of warp and weft varieties were sold at &#****;*,***-*,*** (approximately $**.**-$**.**) and &#****;*,***-*,*** per * kg (approximately $**.**-$**.**) (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, ** carded weft at &#****;*,***-*,*** (approximately $**.**-$**.**) per *.* kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg and **/** combed warp at &#****;***-*** (approximately $*.**-*.**) per kg, according to trade sources.