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Cotton yarn dips in Mumbai as demand stays weak in south India

The Mumbai market recorded a price drop of &#****;*–* per kg across various counts and varieties of cotton yarn, primarily due to weaker demand from the loom sector. Fabric manufacturers are also facing labour shortages, resulting in reduced production. A Mumbai-based trader told Fibre2Fashion, “The cotton yarn market is experiencing an unprecedented slump in demand from fabric manufacturers. A payment crisis has also emerged due to slow offtake from the downstream industry. Bangladesh is a key market for Indian yarn and fabric, but Indian suppliers are currently seeing insufficient demand from the neighbouring country.”

In Mumbai, ** carded yarn of warp and weft varieties were traded at &#****;*,***-*,*** (approximately $**.**-**.**) and &#****;*,***-*,*** per * kg (approximately $**.**-**.**) (excluding GST), respectively. Other prices include ** 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.