Textile
| Cotton yarn demand set to rise in south India post-Diwali
Pic: Adobe Stock
Insights
- Cotton yarn prices in Mumbai rose by ₹* per kg due to pre-Diwali buying, while prices in Tiruppur remained stable amid cautious demand.
- Both markets will observe a Diwali break, with trade resuming in early November.
- Traders anticipate a slight increase in demand post-Diwali, but price surges are unlikely.
- Meanwhile, rains delayed cotton arrivals in Gujarat, affecting crop quality and quantity.