Textile demand to pick up soon

Export demand for cotton and cotton yarn is expected to revive soon and the Chinese policy on import of cotton and cotton yarn will be clear in a month, say industry sources here.

Chinese demand

With a drop in Chinese demand for cotton and cotton yarn during this financial year, stocks available in the domestic market have increased.

Though the domestic demand continues to be good for yarn and export to other countries is on, there is a fall in prices because of the increase in stock availability.

However, this trend too depends on the variety of cotton yarn, say the sources.

Prices are expected to remain stable for cotton and cotton yarn in the coming weeks.

Improvement in exports will revive the sector.

“We are confident that the industry will pick up this year,” says T. Rajkumar, chairman of Southern India Mills’ Association.

Fabric

Power loom weavers in the district say that demand for fabric has fallen in the last one month.

With drop in cotton and yarn prices, prices for fabric were also affected, they say.