Cotton yarn prices in South India are witnessing a mixed trend, with slow demand in the market. As of late, demand from major textile hubs like Gujarat and Maharashtra has been subdued, impacting the overall market dynamics. This has resulted in some price adjustments in both the domestic and export markets.
In key hubs like Tirupur, Coimbatore, and other areas of Tamil Nadu, the cotton yarn market has been struggling with weak demand from both weavers and traders. However, there are slight price variations, with some categories of yarn witnessing marginal price hikes, while others remain stable or have seen slight declines.
The slowdown in the textile industry, particularly in the garment sector, is attributed to factors such as reduced export orders, inflationary pressures, and increased raw material costs. Despite these challenges, there are signs of cautious optimism in certain sectors as the festive season approaches, which may bring a temporary boost to demand.
Market players are hopeful that the situation will improve, especially as demand from international markets like China and Bangladesh remains a crucial factor for Indian yarn exports. However, industry experts remain cautious, as the overall demand trend continues to be uncertain.
