Published On: Nov 26, 2022 by Yarn
South India’s cotton yarn prices decreased today as demand from end users remained poor. Buyers in the entire textile value chain were cautious amid global slowdown and yarn imports from China. Tiruppur market noted a fall of ₹5-7 per kg in carded yarn as Tamil Nadu-based small spinners were under stress. Mumbai also noted a decline in cotton yarn prices.
Cotton yarn prices declined in Mumbai as mills and stockists were trying to clear their stocks. “Mills were under pressure to sell yarn at lower prices despite a rise in cotton prices. Slow buying from consumers was most worrisome for the industry. The global economic slowdown is hurting market sentiments,” a trader from Mumbai told Fibre2Fashion.
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