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Cotton yarn prices down in Mumbai, demand not as per expectations

*.*pt"> Cotton yarn demand from the weaving industry in south India was not as high as expected earlier. As a result, cotton yarn prices in Mumbai decreased by &#****;*-* per kg due to slower demand from the downstream industry. A similar pessimistic tone was observed in the cotton yarn trade in Tiruppur, although cotton yarn prices there remained steady. The cold wave in the northern states also sent negative signals to the textile value chain. Traders noted that the shorter length of daylight provides limited trading hours for the market. 

*.*pt"> The Mumbai market experienced a weaker trend in cotton yarn prices due to limited demand from the weaving industry. Stockists attempted to sell their stocks by offering lower prices. A trader from Mumbai informed Fibre2Fashion, “Mills did not reduce the prices of cotton yarn. However, stockists were clearing their stock at lower prices. The market might continue to witness a bearish tone until mid-January. The cold wave and shorter days also serve as negative factors for the trade.”