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South Indian cotton yarn faces low demand, mills yet to decide rates

02 Jul '24

3 min read

South Indian cotton yarn faces low demand, mills yet to decide rates

Pic: Adobe Stock

Insights

South Indian cotton yarn prices are stable, with spinning mills holding rates due to slow demand and market uncertainty.
Unlike north Indian mills, southern mills did not raise rates after the MSP hike.
Garment export orders are below last year's levels.
The Mumbai market also saw stable prices, and Gujarat faced steady cotton prices despite lower arrivals.

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