Israel-Iran ceasefire eases pressure on south India cotton yarn market
South India’s cotton yarn market stabilised after the Israel-Iran ceasefire, easing concerns over disrupted exports to the US and Europe. Although demand remained muted, traders in Mumbai and Tiruppur expect improvement. Prices held steady, but mills are pushing for higher rates. Meanwhile, cotton prices rose amid increased buying from private stockists, despite higher offers from CCI.
South India’s cotton yarn market stabilised after the Israel-Iran ceasefire, easing concerns over disrupted exports to the US and Europe.
Although demand remained muted, traders in Mumbai and Tiruppur expect improvement.
Prices held steady, but mills are pushing for higher rates.
Meanwhile, cotton prices rose amid increased buying from private stockists, despite higher offers from CCI.
