Exports upsurge pushes cotton yarn demand in South India

Coimbatore, Jan 4 (KNN) Owing to better demand and export orders, cotton yarn market in South India on Tuesday saw a positive trend and similarly Gujarat mills received cotton yarn export orders which strengthened the market sentiments, reported Fibre2Fashion.

The prices in the Tiruppur market remained steady while cotton yarn of coarse counts saw a price rise in Mumbai.

In view of cotton yarn prices, the Mumbai market witnessed a mixed trend.

Coarse count cotton yarn prices improved by Rs 5-10 per kg, but fine count yarn eased by Rs 5-8 per kg as domestic demand was weak.

A trader from Mumbai told Fibre2Fashion, “There were more buyers for coarse count cotton yarn because of Chinese export orders. Coarse count of combed yarn is mostly exported. More buyers were enquiring after an increase in cotton yarn prices by spinning mills.”

Although prices remained stable in the Tiruppur market, buying of cotton yarn increased.

Traders said that buying was better at current prices and new export orders have improved buyers’ confidence. Southern mills had decreased yarn prices on the first day of this year, said the report by Fibre2Fashion.  (KNN Bureau)