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Cotton yarn prices fall in Mumbai, market challenges persist

26 May '23
3 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Cotton yarn market in south India faces falling demand, with Mumbai and Tiruppur markets experiencing price declines.
  • Panic among traders creates uncertainty in rates, while fabric prices also drop.
  • Tiruppur's market remains steady but may decrease due to cheaper cotton and weak weaving industry demand.
  • Gujarat witnesses sharp cotton price decline.

Cotton yarn prices in Mumbai fell by &#****;*-* per kg following a decline in the cost of cotton fibre. The weaving industry&#**;s lacklustre demand further exacerbated the market&#**;s concerns. Fabric prices also decreased, reflecting a sluggish sentiment across the entire textile value chain. A trader from the Mumbai market told Fibre2Fashion, "There was a sense of panic in the market as traders were unsure how to cope with the situation. Prices are falling because no one wants to buy cotton in the current scenario." 

In Mumbai, cotton yarn was traded lower by &#****;*-* per kg. The ** count carded cotton yarn of warp and weft varieties was sold at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** per kg, ** carded (weft) cotton yarn at &#****;*,***-*,*** per *.* kg, **/** count carded cotton yarn (warp) at &#****;***-** per kg, **/** count carded cotton yarn (warp) at &#****;***-*** per kg and **/** count combed yarn (warp) at &#****;***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro. 

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