| 

Cotton yarn faces slow demand in south India, steadiness in prices

Cotton yarn prices remained stable in the Mumbai market, which saw limited buying from the weaving industry. Price disparity is discouraging cotton yarn exports in the global market. A trader from the Mumbai market told Fibre2Fashion, “India’s budget for the next fiscal year, ****-**, will be presented on February *. Buyers are cautious as they prefer to wait for market direction from potential policy changes in the textile sector. Limited demand from the downstream industry has also caused slow buying by spinning mills.”

In Mumbai, **-carded yarn of warp and weft varieties was 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.