Cotton yarn prices have remained stable across South India in recent weeks, while the cotton yarn market in Mumbai has experienced a notable trading slump, according to recent industry reports.
In South India, the steady pricing trend has been attributed to balanced demand and supply dynamics, with manufacturers maintaining prices at current levels despite fluctuating cotton prices.
In key cotton yarn-producing states like Tamil Nadu, Andhra Pradesh, and Karnataka, yarn prices have held steady, with minimal movement in both the medium and high-end yarn segments. The stability in prices is supported by consistent demand from domestic textile mills, even though the global market remains under pressure due to factors like geopolitical instability and economic slowdowns.
However, the situation in Mumbai, a major hub for cotton yarn trading, tells a different story.
The city has witnessed a slump in trade activities, with fewer transactions and reduced buyer interest. Industry experts suggest that uncertainty around global cotton prices, coupled with the delayed festive season demand, has led to the reduced trading volume in Mumbai’s yarn market.
While the steady price trend in South India is seen as a positive sign for manufacturers and mill owners, the slump in Mumbai indicates a need for caution. Market players are hoping for a rebound in demand as the year progresses, especially with the upcoming festival season, which traditionally boosts textile production and trade.
