Textile
| South India cotton yarn steadies after MSP hike, buying increases
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Insights
- South Indian cotton yarn prices remained stable, with increased demand anticipated due to a recent MSP hike.
- Mumbai and Tiruppur markets saw higher lifting of cotton yarn, and mills and stockists are trying to raise prices.
- Buyers are rushing to purchase, expecting no further price declines.
- Trade sources predict a gradual improvement in textile demand.