Cotton yarn prices have declined further in South India today as demand from the downstream industry continues to be low. Cotton yarn prices have eased by ₹5-15 per kg in the Mumbai market and by ₹3-7 per kg in Tamil Nadu’s Tiruppur market. Traders feel that cotton yarn demand is not likely to pick up before the second week of the next month.
Mumbai market registered a drop of ₹5-15 per kg in cotton yarn prices. Buyers were cautious due to low demand from local as well as export markets. “Cotton yarn prices are unlikely to improve this month. Domestic buying may support market sentiments but not before the second week of October. Buying may not improve for export orders as the segment is bearish,” a trader from Mumbai market told Fibre2Fashion.
Read more about Low demand causes south India's cotton yarn prices to decline further
Explore more Yarn News