[Market Dynamics] The Global Economic Downturn Further Led To The Decline Of Indian Cotton Yarn Prices

Due to weak demand and sluggish global cotton market, cotton yarn prices in southern India have declined.

In India, the purchasing situation in the consumer industry and export market has not improved, and the downward trend of cotton prices in the domestic and international markets has also dampened the sentiment of local yarn trade. The traders said that although the collective appeal to close the spinning mill may not work, if the current situation continues, it may lead to the suspension of production of weaker yarn producers.

A trader in the Mumbai market said in an interview: "Factories and stockists are under pressure to reduce prices to attract buyers. Buyers have been very cautious and only buy cotton yarn that is needed immediately."

In Mumbai market, the price of cotton yarn dropped by 3-5 rupees per kilogram,

In the Tirupur market, the price of cotton yarn dropped by 2-3 rupees per kilogram,

In Gujarat, the price of cotton per 356kg has dropped by 1000 rupees in the past few days. The weakness of ICE cotton yarn and the slow purchase of spinning yarn are the reasons for the decline of natural fiber price.