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Cotton yarn buyers cautious pre-budget, prices stable in South India

Cotton yarn was being sold at previous prices in the Mumbai market. Buyers were cautious about new deals, which dampened market sentiment. In addition to the upcoming Union Budget, tight payment conditions were also a cause of limited demand. A trader from the Mumbai market told Fibre2Fashion, “Cotton yarn demand was slow due to multiple factors. Buyers are taking a cautious approach ahead of the upcoming budget. Tight payment conditions and a labour shortage for running power looms are also causes of concern for the market.”

In Mumbai, **-carded yarn of warp and weft varieties was traded at &#****;*,***-*,*** (approximately $**.**-$**.**) and &#****;*,***-*,*** per * kg (approximately $**.**-$**.**) (excluding GST), respectively. Other prices included ** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **-carded weft at &#****;*,***-*,*** (approximately $**.**-$**.**) per *.* kg, **/**-carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/**-carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, and **/** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, according to trade sources.