Textile
| South Indian cotton yarn bearish, Bangladesh export concerns ease
Pic: Adobe Stock
Insights
- South India's cotton yarn trade continued to face a bearish trend, with prices dropping ₹* per kg in Mumbai due to slow buying by power loom owners.
- While the Tiruppur market remained stable, demand is expected to improve after Diwali but prices are unlikely to rise.
- Exports to Bangladesh have resumed cautiously, boosting market confidence.
- Cotton prices in Gujarat were stable.